πΏπΆππΆ "not D'oh!" on Nostr: Let me explain this real slow. 1. I borrow $100 from you today. 2. I pay you $10 ...
Let me explain this real slow.
1. I borrow $100 from you today.
2. I pay you $10 every day for a year.
3. I have paid you back $3,650
4. I still owe you $90 somehow.
5. You then "forgive" the $90 debt.
In this scenario, absolutely nobody is paying anybody $90. Nobody is being stiffed $90. Nobody is being forced to pay someone else's $90 debt. Absolutely nobody is "getting a $90 handout for free".
What's happening is you have been paid back your original $100 and then profited a mere $3,550 on top of that and we're saying that's enough profit.
This post is about student loan forgiveness.
1. I borrow $100 from you today.
2. I pay you $10 every day for a year.
3. I have paid you back $3,650
4. I still owe you $90 somehow.
5. You then "forgive" the $90 debt.
In this scenario, absolutely nobody is paying anybody $90. Nobody is being stiffed $90. Nobody is being forced to pay someone else's $90 debt. Absolutely nobody is "getting a $90 handout for free".
What's happening is you have been paid back your original $100 and then profited a mere $3,550 on top of that and we're saying that's enough profit.
This post is about student loan forgiveness.