lriv724 ( lriv724@discuss.online ) to Asklemmy@lemmy.ml · 2 years agoIs canceling student loan debt considered stealing?message-squaremessage-square27linkfedilinkarrow-up128file-text
arrow-up128message-squareIs canceling student loan debt considered stealing?lriv724 ( lriv724@discuss.online ) to Asklemmy@lemmy.ml · 2 years agomessage-square27linkfedilinkfile-text
I have an economics teacher that made this claim in class yesterday. I wanted to know other people’s thoughts about it.
minus-squareiii ( iii@mander.xyz ) linkfedilinkEnglisharrow-up1·edit-22 years agoOne party’s debt is another party’s asset. So yes, cancelling a debt looks the same as stealing cash in the issuing party’s bookkeeping.
minus-squareClasm ( Clasm@ttrpg.network ) linkfedilinkarrow-up1·2 years agoSo I guess all of those unsupervised PPP loans that were forgiven were a nice feather in the Democratic hat, then, huh?
One party’s debt is another party’s asset.
So yes, cancelling a debt looks the same as stealing cash in the issuing party’s bookkeeping.
So I guess all of those unsupervised PPP loans that were forgiven were a nice feather in the Democratic hat, then, huh?