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Sure. Would you rather empower "everyday people" to help themselves or hope for the "supervillain" to share?
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No, they couldn't and Robert Reich knows this, which just furthers to prove that he is pushing a political agenda over accurate information, which he easily could have done by ending his post after "...in the nation".
To explain:
1/ Majority of the wealth that is being valuated for determining billionaire status and richness is tied to non-liquidated assets.
2/ In order to just liquidate the amount of assets needed to pay the student loan debt, it would create massive disruptions in the market and as soon as they attempted to sell, then a large chunk of the market would also rush to sell leading to a massive market drop.
3/ The calculation Robert Reich used ignores several major costs, the main two being cost of brokering the many trades required and the tax ramifications.
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Hmmm, I'm not sure I agree with your conclusion. You can create money from money as money is merely a medium used for exchanging value. Value being limited and dictated by those involved in the exchange. The same way that you can enjoy a song more or less on any given day is the same reason that money can grow or shrink on any given day, despite it in itself not physically changing.
In regards to interest, that is merely a mechanism for accounting for the time value of money because those involved in the exchange have dictated there being a value of the time allocated. Here's a thought experiment, would you rather have $100.00 today or $101 in 10 years? If you said the $100, then that is because you yourself have valued the [opportunity] cost of waiting 10 years to be less than the $1 gain. Now if we continue this thought experiment continuously increasing the later amount by $1 dollar with each iteration, then at some point you will most likely favor the later option because at that point it will exceed your perceived value of time.
Now if we take a step back, this phenomenon isn't actually exclusive to money or finances, this phenomenon is widely studied by behavioral psychologists in how humans make decisions. In other words, why we choose to do X instead of Y? Humans are able to identify that there are long-term [opportunity] costs, which heavily influences our behaviors and decisions.
Additionally, suggesting that forgiving all world debt would solely result in the collapse of banks and governments oversimplifies the consequences. While debt forgiveness could alleviate burdens on individuals and certain economies, it would also lead to disruptions in financial markets and undermine confidence in lending, most likely destabilizing entire economies.
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As for the Twitter/X author, they are confused that accrual income doesn't exist, but in the scope of a lending entity, the operational activity is lending, therefore to forgive interest income is to decrease value generated and even in the case of a public organization like the government, they could have lend to another entity/policy for a better return (i.e. more value generated), such as one of the thousands of other recipients of public funds. In theory, the government should be maximizing the value and effective/efficient distribution of tax funds across all needs of society.
And no it's not nearly as simple as "education is important so it is clearly worth it" when you take into consideration that every dollar spent, lend, etc. comes at the cost of another societal need.
Interest, as a whole, on ANY loan, is a lie. You can not create money FROM money. Makes NO sense. Right now, if ALL world debt was forgiven, what would happen? The collapse of banks & some governments. PEOPLE would not fail, the organizations that caused people to fail would.
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Today is Equal Pay Day. On average, a woman in the U.S. has to work until today — March 12th — to earn what a man was paid in the year prior. 🪙🙅🏽‍♀️💵
This #EqualPayDay, join us in bringing awareness to the gender wage gap, which is even wider for women of color. 
The politicians WE elect can implement reforms that address pay inequality across industries. Make sure you’re registered to vote NOW at weall.vote/register.
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in scope of fiscal attitudes, it's probably tied more to the fact that people have more to lose as they grow older.
To quote Thomas Sowell, "I have never understood why it is “greed” to want to keep the money you have earned but not greed to want to take somebody else’s money."
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The real truth
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How you feel about Co-op businesses?
Like any other company organizational structure, they have their pros and cons.
I personally would never work for one, but I have nothing against those who choose to. The closest I would do is an LLP.
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It's to discourage less interested applicants from applying, since that:
1/ Costs the school money to pay someone to review/process the application
2/ Forces other applicants to be unnecessarily rejected and/or waitlisted
3/ Slows down the whole process by inflating the volume of applications
It's not a perfect system by any means, but there are flaws with many of the alternatives too.
Fee to apply to school BS.
I don't get universities/colleges that charge an outrageous fee to apply... especially when they're just regular ol' schools, nothing especially prestigious. Like, you do realize that I'm gonna apply to the places where it's free first, right??? I mean, I'd understand maybe a $10 processing fee or something, but come on...
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Congrats :)
I got the job
that is all.
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Dumb bitch, bet your uneducated ass that you’re poor as fuck
Ah, the classic ad hominem attack. I see your argument is as shallow as your manners.
Just a friendly reminder, but hating on my success won’t make you a winner.
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What is the numerical value of your salary and how much do you want it to be?
Why do you ask? Are you recruiting?
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YouTube Music workers get fired while asking Austin City Council for Google negotiation resolution
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How would you recommend someone with no prior experience get into IT/computer science work field?
It depends where you live and what type of IT/CS position you are seeking, but assuming you are from the US, then the most common method today is by getting a CS bachelor's degree; alternatively, there are many CS bootcamps that have strong placement rates upon finishing too.
If you're open to less "prestigious" IT roles, then there are numerous certifications that have good placement rates too.
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RIP healthcare industry and many small/mid-size businesses IYKYK
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There are a lot of problems with this post, but...
No poverty during the paleolithic age...is just next level ignorance.
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