Falling into Line: Turning Endless Deficits into a Power Base | Michael Hudson
Michael Hudson goes into new debts on the role of Super Imperialism and how the uber-rich have ridden the country into the ground.
AOC Who Earns $175,000.00 A Year Wants Us To Pay Her $17,000 Student Loan Debt
- Thread starter olroadbeech
- Start date
El Correcto
god is dead
I’d agree to forgiving student loan debt if black Americans forgive America.
No more bitching, take your student loan money.
El Correcto
god is dead
Also no more student loans.
Compound interest is a scam
Its hard to forgive wen ur still
ing w the blacks. but its also a class system too so poor whites get it roughIts harder to have debt write offs wen the creditor class is not the govt. banksters want their debts. but china doesnt have this
BrownFlush
Woke Racist Reigning Ban King
It would be a waste of time going down any road with you.
You've jumped off the bridge.
Whatever you paid for your education, you should get your money back.
DriveInDriveOut
Inordinately Right
No it isn't.
I said people should pay back what they borrow and your response was 'but the government doesn't'. You didn't present an argument, you presented a deflection in the form of a tu quoque fallacy.
Debt expands faster than the economy can repay bc of compound interest. eventually you get a crash.
So this is why its important to forgive debts
Debt is a free lunch for the creditor class. cancel the debts and take away the creditor class's power by making them pay for it
DriveInDriveOut
Inordinately Right
Wrong.
Creditors have no guarantee they will be paid back. They arguably have more risk and less reward than the debtor.
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They do no work, they make money in their sleep, and debts take up a higher and higher portion of workers incomes bc creditors lend more and more money.
Marxism is a logical extension of this thinking which is shareholders do no work and yet recieve money
Free markets is an economy free from these things
Falling into Line: Turning Endless Deficits into a Power Base | Michael Hudson
Michael Hudson goes into new debts on the role of Super Imperialism and how the uber-rich have ridden the country into the ground.
BrownFlush
Woke Racist Reigning Ban King
Canadians left Europe but the Europe never left them.
Canada is right wing compared to eu
DriveInDriveOut
Inordinately Right
So?
So ur destroying the middle class. its like neo feudalism but u will b tied to ur job and the slums ur employer provides
Falling into Line: Turning Endless Deficits into a Power Base | Michael Hudson
Michael Hudson goes into new debts on the role of Super Imperialism and how the uber-rich have ridden the country into the ground.
DriveInDriveOut
Inordinately Right
Look at wat incomes r to housing prices and incomes to education.
The debt multiple keeps rising
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