I really wish we would make it a crime to spin narratives in bad faith.
Comment on Oof
OhStopYellingAtMe@lemmy.world 19 hours ago
Perpetuating the myth that student loan forgiveness means “your taxes are paying off student loans,” when it really means “government is telling banks to fuck off with their excessive interest rates on student loans.”
Tax money isn’t going to the banks* or the students. The students have usually paid off the loans, and are now struggling with the interest debt. The gov’t telling the bank to give up on that debt isn’t hurting anyone, but the bank doesn’t get as much profit as they could have - and since the banks own the senators & media outlets, we get the myth that student loan forgiveness means “taxes paying off student loans.”
*note - you think some deals do include the gov’t giving the banks some money to “cover their (imaginary) losses.”
bobs_monkey@lemm.ee 17 hours ago
ExtantHuman@lemm.ee 16 hours ago
Every public statement by a politician should be considered under oath
unwillingsomnambulist@midwest.social 14 hours ago
…and as such, a shit load of them should be jailed for perjury.
lime@feddit.nu 18 hours ago
at least here the student loans are given out directly by the state. which means the state sets the interest rate. for the past 10 years, it has been 0%.
callouscomic@lemm.ee 17 hours ago
Also in the US, the bottom 50% don’t pay a dime in federal income taxes.
Also the concept of “MY” tax dollars is super selfish.
shalafi@lemmy.world 17 hours ago
Imma need a source on that. Bottom 50% of who?
medgremlin@midwest.social 16 hours ago
The bottom 50% of Americans make less than $40k a year. They do pay some federal taxes, but with the standard deduction, the 19.3% of working Americans that make less than $15k a year don’t pay any federal taxes. The standard deduction goes up to $22.5k for a head of household (i.e. a single working parent). Given that the federal minimum wage still works out to $15,080, that means a full-time minimum wage worker doesn’t make enough to get hit with income taxes.
gamermanh@lemmy.dbzer0.com 15 hours ago
An important thing to note is that 50% don’t pay federal tax, as you said here
They still pay sales tax and taxes of that sort (which actually are significant), just not the federal income/property taxes
Crikeste@lemm.ee 14 hours ago
So why did you say it’s 50% when it’s 19.3%? And is that 19.3% of the 50% of americans? Because that would then make it 9.65%.
I just don’t get what you’re getting at here. I make $30,000 a year and definitely still pay federal taxes. Or does, somehow, me getting a tax return mean that I don’t pay taxes? I’m lost.
andybytes@programming.dev 9 hours ago
Their solution is always put it on the consumer. Them prices are to high you need to cut it. Cut it…cut it…cut it. And the downward spiral continues. Straight to the singularity, the butthole of human ignorance.