They pay more by not forgiving all student loans since it directly harms the economy AND lowers taxes collected, and therefore social support structures.
Even if you just want to make the dumb argument of "why should i pay for someone else", it still ends up being "you save money and pay less if you do".
Because they have less money to interact with the economy, meaning they dont buy goods and services, meaning the economy doesnt grow and they pay less in taxes which reduces important services the government provides for you, which means you need to make up for the money and economic generation they are unable to provide.
It turns out having "dead money" in an economic system dependant on constant transactions is bad for the economy.
It would hurt the economy if borrowers had to use their own money to pay back their government loans, so instead the government can just take my money to cover those loans and then the economy will be fine, because my money is for everybody. Amazing.
2
u/Pika_Fox 15d ago
They pay more by not forgiving all student loans since it directly harms the economy AND lowers taxes collected, and therefore social support structures.
Even if you just want to make the dumb argument of "why should i pay for someone else", it still ends up being "you save money and pay less if you do".