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1. Embed this notice
   mark (atleagle@mastodon.online)'s status on Wednesday, 11-Dec-2024 06:14:18 JST mark

   in reply to

   • Qasim Rashid, Esq.
   • volkris
   • Peter Kraus

   @volkris @pkraus @QasimRashid ??? The government literally prints money. They aren't a business that relies on revenue. Taxation is simply magicking money away to keep the dollars value where they want it.

   • Embed this notice
     volkris@qoto.org's status on Wednesday, 11-Dec-2024 06:14:19 JST volkris

     in reply to

     • Qasim Rashid, Esq.
     • Peter Kraus

     @pkraus The federal government treats the loans as a source of revenue, effectively as a tax.

     It's not about whether you pay any other tax, it's about saying they don't have to pay their taxes in this case even though the government was relying on those revenues to fund government programs.

     @QasimRashid

   • Embed this notice
     Peter Kraus (pkraus@berlin.social)'s status on Wednesday, 11-Dec-2024 06:14:21 JST Peter Kraus

     in reply to

     • Qasim Rashid, Esq.
     • volkris

     @volkris @QasimRashid so the students in wherever don't pay any tax?

   • Embed this notice
     volkris@qoto.org's status on Wednesday, 11-Dec-2024 06:14:22 JST volkris

     in reply to

     • Qasim Rashid, Esq.

     @QasimRashid It's absolutely not, though.

     That's not how the government works, that's not how government finance works.

     To say that those students don't need to pay for their share of the government budget isn't about letting them eat cake or whatever you think that means. It's about defunding government programs that our democratic process decided needed to be funded in that way.

     No, you have that completely backwards.

   • Embed this notice
     Qasim Rashid, Esq. (qasimrashid@mastodon.social)'s status on Wednesday, 11-Dec-2024 06:14:23 JST Qasim Rashid, Esq.

     Cancelling $4T in taxes for 815 billionaires but not $1.7T in student debt for 40M Americans is the modern version of let them eat cake.