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@ISIDEWITHQuestionseducation10yrs ago

Do you support increasing taxes for the rich in order to reduce interest rates for student loans?

Last Spring the U.S. Senate defeated The Bank on Students Emergency Loan Refinancing Act by a vote of 58-38. The act, proposed by Senator Elizabeth Warren (D-MA) would lower the interest rate on existing student loans from 7% to 3.86%. The act would be financed by levying a mandatory income tax of 30% on everyone who earns between $1 Million and $2 Million dollars per year. Proponents argue that current student loan interest rates are nearly double normal interest rates and should be lowered to provide relief for millions of low-income borrowers. Opponents argue that the borrowers agreed to pay the interest rates when they took out the loans and taxing the rich would hurt the economy.

Reply

 @ISIDEWITHasked…1yr1Y

How would you feel if a portion of your future salary was used to help reduce student loan interest rates for others?

 @ISIDEWITHasked…1yr1Y

If someone earns a million dollars, do you think it's fair they contribute more to supporting education, and why?

 @ISIDEWITHasked…1yr1Y

Have you or someone you know been affected by student loan debt, and how might lower interest rates have changed things?

 @ISIDEWITHasked…1yr1Y

Is it right for society to require the wealthy to pay more in taxes to help students, considering the overall benefits of education?

 @ISIDEWITHasked…1yr1Y

Imagine you are wealthy; would you feel it's your responsibility to help lower loan rates for students, and what reasons might you have?

 @ISIDEWITHasked…1yr1Y

Should personal success lead to higher obligations to society, particularly in helping those with educational debt?

 @ISIDEWITHasked…1yr1Y

How might lowering student loan interest rates impact the economic future of young adults, and why should this concern us?

 @ISIDEWITHasked…1yr1Y

If reducing student loan interest rates means higher taxes for millionaires, how do you predict that would affect job creation and economy?

 @ISIDEWITHasked…1yr1Y

Is it more important to preserve economic freedom for high earners or to ensure educational affordability, and how do you balance this?

 @ISIDEWITHasked…1yr1Y

Can you foresee any long-term consequences for the economy if student loans remain high, and how does this concern you personally?