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Trending on twitter: "I'm so happy for loser student loan borrowers"
Posted on 8/27/22 at 3:07 pm
Posted on 8/27/22 at 3:07 pm
I'm seeing lots of posts: "I know X people that are going get their loans forgiven. I'm so happy for them, even though I'm not getting anything from this".
It's all over the place, everyone seems to be parroting it...
But what I don't understand... why didn't these people just pay off their friends loans, if it is so great?
It's all over the place, everyone seems to be parroting it...
But what I don't understand... why didn't these people just pay off their friends loans, if it is so great?
18
Posted on 8/27/22 at 3:08 pm to Taxing Authority
Bots
Posted on 8/27/22 at 3:09 pm to Taxing Authority
quote:
I'm seeing lots of posts: "I know X people that are going get their loans forgiven. I'm so happy for them, even though I'm not getting anything from this".
Yup...it's the newest NPC download.
Posted on 8/27/22 at 3:18 pm to Taxing Authority
I mean even though I've always paid I'm having 20k forgiven, you think I'm complaining about it. Yes I'll be paying it back through taxes now but I feel better about paying that back than I do Airline industry, automotive industry, bank industry, Ukraine, Iran, and whatever else stupid shite that congress has approved over the last 20 years
Posted on 8/27/22 at 3:18 pm to Taxing Authority
They are going to be so disappointed.
Posted on 8/27/22 at 3:18 pm to Taxing Authority
quote:
But what I don't understand... why didn't these people just pay off their friends loans, if it is so great?
Do you need to pay your friends bills to express happiness for them? Do you need to send an extra check to the IRS if you think tax brackets should be higher?
Posted on 8/27/22 at 3:34 pm to Taxing Authority
they are getting 10k, not 200K
lol and being this happy over 10k, most owe so much, they will never pay it off
lol and being this happy over 10k, most owe so much, they will never pay it off
Posted on 8/27/22 at 3:42 pm to Taxing Authority
quote:
Trending on twitter
Found the problem
Posted on 8/27/22 at 3:52 pm to Taxing Authority
This is just consensus building bullshite. It’s propaganda to convince the lemmings on the fence that all the ‘good people’ are excited for their friends.
Posted on 8/27/22 at 4:16 pm to Taxing Authority
Support for Marxism from diehard Marxists.
I’d bet that those are people who don’t pay much, if anything, in fed taxes.
Posted on 8/27/22 at 4:37 pm to Taxing Authority
Well... I've been thinking about this.
YES- this is a vote buying scheme. But remember, after they get that vote the screw you every time... usually for their own personal benefit.
So what's the catch and where's the trigger; how many lbs pull is that trigger? The trigger is obvious: $10k is very likely below the total balance for the vast majority of debt holders. So they aren't wiping out most holders debt... they are enrolling you into a program.
So things to watch for all ye who getting bought:
- some fine print that allows the debt holder to significantly increase the interest rate on the remaining balance. They know there will be debt remaining.
- Those interest rate hikes are probably on an accelerated schedule at a multiplier of FedPrime, PPI, or CPI. For example, Fed rate goes up 0.5, yours goes up 0.6 (20% over). Fed goes up 1.0, yours goes up 1.4 (40% over). They know the rate and inflationary enviroment they've incurred.
- Fees. Who would pass up a $350 (for example) fee for 10k in forgiveness? No one. But it'll be yearly (or monthly??) until you pay off the balance to be "enrolled" in the program. Guess what, it will also be added to the balance and the inflated and accelerated interest charged on it.
- they'll require periodic enrollment or paperwork submissions to "keep" your 10k waiver because it is likely "held" until the balance is paid off with an expiration date. Don't pay off balance by X date, it comes back. AND, if you don't "re-enroll" it comes back. At which time fees will be reapplied.
YES- this is a vote buying scheme. But remember, after they get that vote the screw you every time... usually for their own personal benefit.
So what's the catch and where's the trigger; how many lbs pull is that trigger? The trigger is obvious: $10k is very likely below the total balance for the vast majority of debt holders. So they aren't wiping out most holders debt... they are enrolling you into a program.
So things to watch for all ye who getting bought:
- some fine print that allows the debt holder to significantly increase the interest rate on the remaining balance. They know there will be debt remaining.
- Those interest rate hikes are probably on an accelerated schedule at a multiplier of FedPrime, PPI, or CPI. For example, Fed rate goes up 0.5, yours goes up 0.6 (20% over). Fed goes up 1.0, yours goes up 1.4 (40% over). They know the rate and inflationary enviroment they've incurred.
- Fees. Who would pass up a $350 (for example) fee for 10k in forgiveness? No one. But it'll be yearly (or monthly??) until you pay off the balance to be "enrolled" in the program. Guess what, it will also be added to the balance and the inflated and accelerated interest charged on it.
- they'll require periodic enrollment or paperwork submissions to "keep" your 10k waiver because it is likely "held" until the balance is paid off with an expiration date. Don't pay off balance by X date, it comes back. AND, if you don't "re-enroll" it comes back. At which time fees will be reapplied.
Posted on 8/27/22 at 5:45 pm to Taxing Authority
This will end up in court....will be interesting to see what happens if it gets the USSC!
If it does get the Supreme, I think Biden loses.
If it does get the Supreme, I think Biden loses.
This post was edited on 8/27/22 at 5:46 pm
Posted on 8/27/22 at 7:16 pm to Taxing Authority
They don't realize that they are the ones who will be paying off the loans through higher taxes.
Posted on 8/27/22 at 7:59 pm to Taxing Authority
quote:
Trending on twitter: "I'm so happy for loser student loan borrowers"
Posted on 8/27/22 at 8:34 pm to Taxing Authority
Bots.
Posted on 8/27/22 at 11:40 pm to Taxing Authority
quote:
I'm seeing lots of posts: "I know X people that are going get their loans forgiven. I'm so happy for them, even though I'm not getting anything from this".
It's all over the place, everyone seems to be parroting it...
But what I don't understand... why didn't these people just pay off their friends loans, if it is so great?
Because...
...virtue signaling is cheaper than being actually virtuous.
Posted on 8/28/22 at 12:43 am to Taxing Authority
quote:If you're happy with your friends who met a nice lady and got married, why didn't you pay for their wedding?
But what I don't understand... why didn't these people just pay off their friends loans, if it is so great?
Posted on 8/28/22 at 7:40 am to Taxing Authority
because its always about using other people's money. Like with illegal families. You never hear of the libs taking a family in and living in their house on their dime. All of their morality is always paid for with other people's money.
Posted on 8/28/22 at 8:32 am to Taxing Authority
Dude if you’re on twitter you are a bot. Twitter is 100% filled with bots. I paid my debt begrudgingly, and now we have a communist in office with dementia.
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