Five@slrpnk.net to Atlanta@lemmy.worldEnglish · 1 year agoDebt Activists Bought $10M Morehouse College Student Debt for $125,000 — and Canceled It Alltruthout.orgexternal-linkmessage-square4fedilinkarrow-up1112arrow-down14
arrow-up1108arrow-down1external-linkDebt Activists Bought $10M Morehouse College Student Debt for $125,000 — and Canceled It Alltruthout.orgFive@slrpnk.net to Atlanta@lemmy.worldEnglish · 1 year agomessage-square4fedilink
minus-squareZeppolinkfedilinkEnglisharrow-up42arrow-down1·1 year agoPretty enlightening that when (US) liberals propose canceling $40 billion of student debt, of course the people who hold it are up in arms - but they’d sell it to someone else for 1.25% of that. So $40 billion of debt is really 500 million.
minus-squareguacupado@lemmy.worldlinkfedilinkarrow-up10·1 year agoKind of wild, right? We have people who could pay that and literally wouldn’t even notice the money gone.
Pretty enlightening that when (US) liberals propose canceling $40 billion of student debt, of course the people who hold it are up in arms - but they’d sell it to someone else for 1.25% of that. So $40 billion of debt is really 500 million.
Kind of wild, right? We have people who could pay that and literally wouldn’t even notice the money gone.