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r/Neoliberal rages hard :marseywitchtriggered: about Biden's recent student loan cancellation

https://old.reddit.com/r/neoliberal/comments/ww1mxw/ap_sources_biden_set_to_announce_10000_federal

								

								

If you've got federal student loans and/or Pell Grants and make less than $125,000 a year single/$250,000 a year joint, congratulations! If you're an /r/neoliberal user, though, you may feel differently.

From the title: "I unironically would support impeaching Biden over this... Bad timing though, Dems may lose a lot of swing voters over this."

Another user expresses his disgust with the Democrat Party: "Suppose I’m politically homeless now."

A "big moderate" weighs in: "Going to probably vote GOP next election to express my displeasure at this."

"On the one hand, it's pretty dumb that people seem to think Biden is doing this to appease twitter leftists, when the reason he's doing it is because the NAACP, Raphael Warnock, Jim Clyburn, the Congressional Black Caucus, the Congressional Latinx Caucus, and other key Democratic stakeholders have been arguing for $10K in forgiveness (or more). On the other hand, it's really funny that some people on here seem genuinely betrayed because they think Biden has sided with bernie bros over them."

"A deplorable handout rewarding financial mismanagement. It makes a fool out of the responsible people who paid off their loans instead of buying video games and the newest iPhone." :soyconsoomer:

"I am seething. This sucks so bad. Literally taking from the poor and giving to the rich" :marseypoor: β†’ :marseycapitalistmanlet:

"I hope it hurts in the midterms. Buying votes is one of the most dangerous trends in a democracy, and this shit needs to be stopped now."

"You live in a truly insane bubble if you think this will hurt Democrats politically."

"Still seems fricked to me. My step dad who didn’t give a frick about me and didn’t help me made plenty of money. But because i lived in his house, i didn’t get any grants, just loans, and he didn’t give me a penny."

"My parents worked very hard, saved diligently and made huge sacrifices in order to put us through higher education without debts. Can we be "forgiven" $10,000 also, for each child? That money could sure be put towards my parents' retirement. Or are we obliged to pay $10,000 extra, to cover for poorer kids going to university to mostly do useless degrees?"

"I'd have preferred a much more means tested policy, perhaps aimed just at those who make below 50k or 25k rather than 125k"

"r/neoliberal: Actually everyone with a college diploma has at least 3 yachts and a summer home in the Hamptons" :marseycope:

And much more in the SRDine thread writeup.

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Neoliberal is actually totally right for once. This is a progressive policy and when I say that I mean rich kids who have accumulated 100's of grand in debt now expect the working class to pay off the debt they acquired while having degrees to show for it which will give them entry into high paying jobs that are totally blocked off from people without degrees who are now paying for other peoples degrees. You're watching a real time wealth transfer from blue collar workers to costal elite rich kids. Biden and his cute twink cabinet should be totally ashamed of themselves, this is a bimbo brained policy that some twitter r-slur like AOC would come up with.

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I like how rightoids are so r-slurred they think the only people going to college are "coastal elites" lmao.

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I like how Pizzashill is such a pathetic wingcuck he dodges the challenge of the original comment which is blue collar workers are going to be paying off college students loans (as an average people with degrees will out earn non degree holders by 40% in their lifetimes) and instead makes up a straw man to attack "HAHA BRO U THINK EVERY COLLEGE STUDENT IS A BILLIONAIRE HAHA FUKEN DUMB RIGHOID GET OWNED REDDIT STYLE"

Just because they threw in a few millions poor people in there doesn’t change the fact that majority of people benefiting will be the upper middle class of society.

Congratulations to Joe Biden on his wealth transfer and further cementing who his real voter base is, dipshit white twitter kids.

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Neighbor the rurals you're talking about are already heavily subsidized by urban voters lmao.

You don't get to suck up 70% of our tax money and also amount to 30% of our gdp and b-word about "subsidizing" others.

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Neighbor, the fact that you think :marseynoooticer: rural :marseyfrontiersman: Americans are "sucking up" 70% of tax money :marseycapymerchant: shows how little :marseybaby: you know :marseyhesright: about the distribution :marseychartgaussian: of federal :marseydoit: tax revenue. In reality, the top 20% of earners pay more than 70% of federal :marseydoit: taxes, while the bottom :marseylong3: 20% pay less than 3%. So if anything, it's urban dwellers who are subsidizing rural :marseyfrontiersman: Americans, not the other way around.

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They fricking do you r-slur, rurals suck up a massive amount of federal funds:

https://www.nytimes.com/2016/11/21/upshot/as-american-as-apple-pie-the-rural-votes-disproportionate-slice-of-power.html

It exists, as a result, in the formulas that determine where highway funds are spent or who gets Homeland Security dollars. It exists in state capitols, where bills preferred by urban delegations have been much more likely to be rejected.

But even when you control for policy need, Dr. Lee’s research has found that a significant rural bias in resources persists. You can see it in Homeland Security funding that gave Wyoming, for example, seven times as much money per capita as New York after the Sept. 11 terrorist attacks. You can see it in Alaska’s proposed β€œbridge to nowhere.”

β€œIn that case,” Dr. Ansolabehere said, β€œAlaska has so much disproportionate power in the negotiation over funds that in order for California to get some, Alaska gets a lot β€” to the point of not knowing what to spend the money on.”

These calculations also mean that populous states subsidize less populous ones, which receive more resources than the tax dollars they send to Washington.

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hahahahaha

fricking owned

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So what you're saying is that the states with less people are doing better than the states with more people? That doesn't make any sense. And if rural areas are getting more money from the government, it's because they need it more. They have less tax revenue and more expenses.

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I refuse to believe this is a bot.

I didn't even see the name until now but still.

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This is clearly a bot, and a terrible one at that. I can't believe you would be taken in by such a obvious fake.

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:#marseyhmmm:

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:marseymalding:

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Pizza says stuff like this and then balks at any mention of austerity which would actually punish ruralcels and everyone that needs gibs.

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What do you think taxes are for if not to help poor people?

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To maintain the state and its protective forces for the sake of order, such as the Police and Military?

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Sterilize and hopefully gas them.

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He said rurals not black people

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How the frick you "subsidize" a farmer, you r-slur?

And quit trying to larp as a libertarian, acting like you're suddenly against parasites when your dumbass is the prototypical DNC parrot.

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If you're gonna measure GDP by county you can't measure federal money intake by state.

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another midwit who confuses red states with red voters.

reality:

  • the blue voters in red states are sucking up a lot of tax money (not 70% though, no idea where you got that from)

  • the red voters in red states see what a gigantic waste this is, and how disgusting and useless the blue voters in their state are.

    that's why they're voting against those transfers!

the reddit favorite stereotype "republican welfare recipient who hates welfare" exists, but he isn't very common. red states have a lot of blue voters, and they tend to be the main recipients of government-enforced wealth transfers going into that state.

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This is hilarious. You can go loom at county level stuff. Rurals are government leeches.

The counties dems win are like 75% of our gdp.

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and even in those blue counties it's still the republicans who are paying the majority of taxes.

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No it isn't lmao.

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lol check the data

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:marseyrage:

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Buying votes with tax revenue is heckin valid, sneeder.

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He’s unironically bought my vote. 10 grand for free and maybe even more in the next 4 years:marseycoin::marseycoin:

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:#marseyridin:

Long-term consequences of r-slurred economic policies? :!marseyno:

Short-term gain at the expense of all others? :!marseyyes:

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Just like broad-stroke tax cuts amirite? Eat shit boomer.

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Yeah, just like corporate welfare, sneeder #2.

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Tax is theft so it’s not comparable

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@Tax, discuss

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Is he even buying votes with this? I guess the flaky white upper-middle class shits who benefit from this likely wouldn't have voted prior to this, but the chances of them getting off their asses to vote now aren't that much higher than before.

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It's basically shooting from the hip. College graduates tend to lean Democrat, so if you directly subsidize their loans, then they are more likely to vote Democrat. Even if the total percentage of these voters changes from 10% to 12%, it doesn't matter because the costs of this policy are externalized onto the tax-paying population.

As much as people complain about externalized costs of commerce, they almost always forget about such costs from government decision-making.

Such is democracy!

:marseybow:

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Even if the total percentage of these voters changes from 10% to 12%, it doesn't matter because the costs of this policy are externalized onto the tax-paying population.

This is my point. If it turns out 2% more recent college graduates but pushes 3% more independents to the Republicans, it's not worth the cost. I guess this is just one more sign that the Democrats have given up on trying to salvage the midterms with moderates and independents. Maybe they're hoping for greater downballot turnout by motivating their core.

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but pushes 3% more independents to the Republicans

Why would that happen?

Think of it this way:

For those college grads who lean democrat, they have a self-interest in voting for D. For the possible ones voting R, it's more of a public interest thing. "How dare Biden waste taxpayer money?!"

Guess which incentive wins out?

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We're at the "government buys votes" stage of declining democracy

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I'm not talking about just college grads voting R, I'm wondering how many voters in general this could either dissuade from voting D or push to voting R.

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not talking about just college grads voting R,

Me neither.

Think about the incentives.

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He already did this in georgia lol

"vote for these two and I'll cut you a 2k covid check!"

They win, he cuts us a $600 dollar check (or was it $1200? I can't remember there was so many government checks flying around. But it definitely wasn't the 2k he promised)

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To be fair to Le DDD Brandon, he promised to bump up a prior $600 dollar check to $2000. What is 2000-600? 1400.

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It's communism which is illegal

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It's communism which is illegal

:#marseyagreefast:

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I don't care how right they are they unironically call themselves neolibs and are super cringy.

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Nazbolism solves this.

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Not being poor solves this

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Being poor is a state of mind

Solution?

Gulag.

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Not very bol of you...

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yeah we need a dictator like putin to put everything in order

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I hate myself for saying this but I'm voting for DeSantis

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I hope he wins and makes trump speakerr of the house

Would be fricking hilarious

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Blue collars buy food for their families, rich kids buy bad dragon dildos. The choice was obvious.

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