“This brings the total debt cancellation my administration has approved to $132 billion for over 3.6 million Americans through various actions,” Biden said in a statement.

  • oldbaldgrumpy@lemmy.world
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    1 year ago

    I’m saying it’s statistically proven that a college educated person has a much higher earning potential than a person without higher education.

    I’m not implying wealth before college at all. Therefore, if you support a government bail out of those people, you support the government bailing out the wealthy.

    • Nine@lemmy.world
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      1 year ago

      I’m trying to understand what you’re saying. Are you arguing equality vs equity? For example that any handouts or bailouts regardless of economic situations or conditions is the same?

      How are you defining wealthy/rich vs poor? Would it be fair to say that that at a certain point an item costing $5 is more affordable for someone who makes 100k vs 30k? Generally / statistically speaking.

      • oldbaldgrumpy@lemmy.world
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        1 year ago

        That would be a fair statement, and also makes a perfect example of why a college educated person, that makes more than a high school educated person, should be able to pay the money they owe.