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Is canceling student loan debt considered stealing? (discuss.online)

submitted 2 weeks ago by lriv724@discuss.online to c/asklemmy@lemmy.ml

55 comments fedilink hide all child comments

I have an economics teacher that made this claim in class yesterday. I wanted to know other people’s thoughts about it.

(page 2) 6 comments

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[–] eletes@sh.itjust.works 1 points 2 weeks ago

I haven't taken an econ class in 8-9 years but I remember it saying there's no such thing as a free lunch. Someone has to pay for it. And when you frame things in that light, then yes I could see how an econ teacher would call that stealing.

But econ is a weird science, it's explaining human behaviors and people are weird.

[–] iii@mander.xyz 0 points 2 weeks ago* (last edited 2 weeks ago) (1 children)

One party's debt is another party's asset.

So yes, cancelling a debt looks the same as stealing cash in the issuing party's bookkeeping.

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