anotherlife
Gold Member
It is easy to see that student loans were made special to be exempt from clearing in bankruptcy, because the greed of the annuity markets needed it so.
But there is an even better reason. And that is to control the 21st century generations. In the 20th century it was easy to scare people with taking away their jobs, and getting them to vote your way. But in the 21st century there will be no jobs anyways, so this strategy is dead.
In the 21st century, political control will be by dispensing various levels of forgiveness on student loans. For example, the government can say that you enlist to fight in an Israeli war to get a 50 % foregiveness on your student loan.
The retiree generation will love this, because this will not only further ensure their annuity income, but also will bring a new control over young people in the future, as successful as ww1-2.
Discuss.
But there is an even better reason. And that is to control the 21st century generations. In the 20th century it was easy to scare people with taking away their jobs, and getting them to vote your way. But in the 21st century there will be no jobs anyways, so this strategy is dead.
In the 21st century, political control will be by dispensing various levels of forgiveness on student loans. For example, the government can say that you enlist to fight in an Israeli war to get a 50 % foregiveness on your student loan.
The retiree generation will love this, because this will not only further ensure their annuity income, but also will bring a new control over young people in the future, as successful as ww1-2.
Discuss.