Student debt should NEVER be cancelled. Free college should NEVER be a thing.
In Germany (and Western Europe) most people cant afford America style houses, most live in rented apartments or have huge mortgages on said commieblocks. Not only this, our wages are very low; for any job you can get in the US our equivalent wage will be 30-150% off (30% for low skill, 150% for high skill like doctors and engineers). On top of this we pay 30-40% of our income in social insurance + tax.
This leads to us all being poor and having to borrow money to finance basic things: like cars; many Germans lease and don't buy cars, same for other possessions. This leads to countries like Denmark having 300% household debt to income (In the US its like 60%). But living standards are overall worse.
By forgiving student loans and giving gibsmedats to useless people, you end up punishing the rest of society. It makes normal logical sense as to why you shouldn't do it: but this is a blackpill on why.
You realize you cocksacka that the reason you have relatively low salary is due to globalization of workforce?
Levi Price
relative to the US all Europeans are poor read the OECD source on household income etc in both median and average numbers
We are richer than even more socialist outright marxist or post marxist shitholes like Africa, Latin America and Eastern Europe
But we are poorer and are going to be poorer than countries that are very free market like the 4 Asian Tigers, GCC countries like Qatar (0% income tax) the USA and probably China in the future.
That doesn't explain why our average per capita incomes are very low as well; a lot of manufacturing is still via Germany. per capita Nominal GDP of Germany is 45k USD in the US its 65k USD, literally 2/3 of Americans, despite the US being literally 50% ethnics.
So the whites in the US live at least double as well as Germans.
Mason Scott
Dual citizen here (Euro and American). Student debt should be cancelled. It's the modern equivalent of slavery. Ancient Greeks forgave the debt of their working class to give them a second chance. I don't see why we can't do the same.
Cameron Garcia
I 100% agree, but other idiots think its great to be in school for 20 years and have unpayable debt
Nathaniel Adams
they just want their poverty to be thrust upon others
you didn't provide a SINGLE ARGUMENT debunking me, instead you just stated your emotional opinion like a typical leftist by citing some ancient greek city state
you absolute autist; the ancient greeks literally faded into oblivion cause they had a dysfunctional military and economic situation which allowed their entire population to be sold into slavery (Thebes, Sparta etc).
Imagine thinking of a ancient shithole whose financail policies and lack of debt servicing end up enslaving their children for generations under poverty is a model to follow. I mean even modern greece is doing the same thing KEK
Elijah Hall
It shouldn't be canceled. However, in the USA we actually have the implied right to bankruptcy. The management of bankruptcy laws is an enumerated power of the federal govt in the USA constitution. Everything wrong with universities and student loans is because of the fact that this specific form of loan has been made to be in contradiction to the implied right of bankruptcy.
Given this, student loans should retroactively be allowed to be dissolved through bankruptcy. In this, each case should be given specific attention with regard to the behavior and use of the universities and banks involved. If enough evidence is gathered for an FTC case against their misbehavior (pro tip: they'll find something for sure) then this would be an additional positive side effect of allowing citizens to discharge their debt. Additionally, bankruptcy is a fair compromise for these college graduates to be free of the jewish shackles.
People like me who avoided school because we knew it was a scam and the loans would be too high shouldn't be punished with further govt expense to cover the costs of student stupidity. You make financial mistakes, you have a right to discharge your debt and have a new start, but you don't get to offload the cost of your mistakes onto others who didn't make the same mistakes. Thus, bankruptcy is a fair and established method by which to help people restart, without burdening the govt or taxpayers with the financial mistakes of the minority.
Aiden Richardson
I'm sorry but you can't just look at the raw amount of money.
Living standards are better than in America in many euro countries
Carson Hughes
you want to know who is responsible for student crisis? joe biden
