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Comment on Biden to defy Supreme Court in second attempt at sweeping student loan handout

So you’ve proven you don’t know what confiscation is, twice. More than the government can confiscate, it doesn’t have to be perminanent, and compensation does not factor in. A teacher can confiscate a toy from a child and give it back at the end of the day. In 1934 FDR signed the gold reserve act and all privately owned gold was confiscated, the gold owners were reimbursed but that doesn’t change that their gold was confiscated.

There is no student loan forgiveness law or even a bill, so I don’t need to contact my congressmen. It’s just one man who is breaking the law with his edicts.

the irresponsible parties were the lenders who should not have lent this money in the first place those who couldn’t pay for it. The risk was theirs to take, not the ill-informed people they took advantage of.

The lenders were many things but irresponsible is not one of them. Student loans have to be paid back, bankruptcy doesn’t get rid of the debt. Signing things you don’t understand is irresponsible, expecting others to pay your debt is irresponsible.

Ciataions for what? The definition of confiscate? That there is not infinate money? That there is no student loan forgiveness law?

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gregorum@lemm.ee ⁨7⁩ ⁨months⁩ ago
I gave you the legal definition of confiscate. You whining about that doesn’t change the facts.

And I explained how the student loans would be paid back. You whining about that doesn’t change that either.

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- jimbolauski@lemm.ee ⁨7⁩ ⁨months⁩ ago
  
  gave you the legal definition of confiscate. You whining about that doesn’t change the facts.
  
  Except when you claimed it couldn’t be confiscation because it was legal.
  
  And I explained how the student loans would be paid back. You whining about that doesn’t change that either.
  
  You said the government will pay the loans… I’m not sure why you think that’s profound. You also made claims that paying student loans would help the economy but your limited grasp of the economy and understanding of finite resources has stopped you from explaining how.
  
  Taxation is the subscription fee you pay for living in a society. Like Netflix, you may not like every show produced, but to have access you have to pay the subscription fee. If you don’t like the subscription fee for living in this society, then leave.
  
  You seem really hung up on taxes, my problem is not with taxes but with using them to pay people’s personal debts.
  
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  - gregorum@lemm.ee ⁨7⁩ ⁨months⁩ ago
    
    Except when you claimed it couldn’t be confiscation because it was legal
    
    That’s not what I claimed. And your continued ignorance of the difference between confiscation and taxation is not my problem to solve.
    
    You said the government will pay the loans… I’m not sure why you think that’s profound. You also made claims that paying student loans would help the economy but your limited grasp of the economy and understanding of finite resources has stopped you from explaining how.
    
    It’s funny how you claim I am the one with a limited grasp of the economy when you’re the one who doesn’t understand how consumer spending stimulates the economy.
    
    You seem really hung up on taxes, my problem is not with taxes but with using them to pay people’s personal debts.
    
    Seems like you’re the one with the hangup.
    
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    wintermute_oregon@lemm.ee ⁨7⁩ ⁨months⁩ ago
    
    It’s funny how you claim I am the one with a limited grasp of the economy when you’re the one who doesn’t understand how consumer spending stimulates the economy.
    
    We do. That’s why taxes should be cut and you pay your student loans.
    
    You don’t seem to grasp, government spending drives inflation.
    
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    jimbolauski@lemm.ee ⁨7⁩ ⁨months⁩ ago
    
    That’s not what I claimed. And your continued ignorance of the difference between confiscation and taxation is not my problem to solve.
    
    The money was not confiscated. It was legally collected.
    
    Why make the legal collected comment unless you thought confiscation was an illegal seizing of private property.
    
    It’s funny how you claim I am the one with a limited grasp of the economy when you’re the one who doesn’t understand how consumer spending stimulates the economy.
    
    You can only see half the equation. You have to think where the money came from. If taxes are raised the money was taken from people that earned it and were going to spend it and given to pay debts of other people who now have extra money to spend. That’s not a net positive for the economy. If the money was taken from another government program then it’s the same issue you rob Peter to pay Paul. If the plan is to increase spending then you are creating inflation which hurts the economy, none of those methods is a net positive for the economy.
    
    Seems like you’re the one with the hangup— and a real habit for blaming others for things that are clearly your own fault.
    
    A 6th grade level explanation from you about how taxes work is not interesting or noteworthy. Your explanation isn’t even sticker worthy.
    
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