• OhStopYellingAtMe@lemmy.world
    link
    fedilink
    arrow-up
    7
    ·
    6 months ago

    Perpetuating the myth that student loan forgiveness means “your taxes are paying off student loans,” when it really means “government is telling banks to fuck off with their excessive interest rates on student loans.”

    Tax money isn’t going to the banks* or the students. The students have usually paid off the loans, and are now struggling with the interest debt. The gov’t telling the bank to give up on that debt isn’t hurting anyone, but the bank doesn’t get as much profit as they could have - and since the banks own the senators & media outlets, we get the myth that student loan forgiveness means “taxes paying off student loans.”

    *note - I think some deals do include the gov’t giving the banks some money to “cover their (imaginary) losses.”

    • lime!@feddit.nu
      link
      fedilink
      English
      arrow-up
      1
      ·
      6 months ago

      at least here the student loans are given out directly by the state. which means the state sets the interest rate. for the past 10 years, it has been 0%.

  • YappyMonotheist@lemmy.world
    link
    fedilink
    arrow-up
    2
    ·
    6 months ago

    Because “f u, I got mine” (and the other side of the coin too: “if I got fugged, so will you”) is the one true creed in American society, and everyone that opposes it is a heretic/commie.

  • Kazumara@discuss.tchncs.de
    link
    fedilink
    arrow-up
    1
    ·
    6 months ago

    I know this is not the point, of the post, but what the hell do they mean by calling the raped teen a Battlefield teen? Was she a pro gamer?

      • Kazumara@discuss.tchncs.de
        link
        fedilink
        arrow-up
        1
        ·
        6 months ago

        Ohh I see, thanks

        Battlefield is named for its proximity to the 1861 Battle of Wilson’s Creek, one of the first large battles of the American Civil War.

        It would not have occurred to me that you’d call a town that.