06 Dec Do you support increasing taxes for the rich in order to reduce interest rates for student loans?
“Since the past 12 years, interest on federal student loans has ranged between 3.4% to 7.90%, depending on the type of loan. Although student loan rates have fluctuated through the years, rates have been rising since 2016.
Those who support increasing taxes for the rich argue that current student loan interest rates are extremely high and should be dropped to provide relief for millions of low-income borrowers. Opponents say that the borrowers agreed to pay the interest rates and taxing the rich is unfair, unethical and will hurt the economy.
What are your thoughts? Do you support increasing taxes for the rich to reduce interest rates for student loans?
Today is the day. Now is the moment. Vote for change.
Do you support increasing taxes for the rich in order to reduce interest rates for student loans?
K HardingPosted at 12:34h, 09 April
Yes because they are already rich so I don’t see how it is being unfair they raise prices in their business from time to time and it will benefit students from paying so much for student loans.
Luis SalazarPosted at 03:31h, 14 September
I think the root cause of the issue with student loans begins with the absurd amount of tuition being charged by the Universities and their bogus fees. Although interest rates are a problem the main culprit to the staggering debt caused by the high cost of college tuition and their bogus additional fees.
I also don’t buy into the notion that taxing the rich is unethical, unfair and that it will hurt our economy. The rich are getting richer, they own businesses, have investments and continue to make money. For years they have been raising prices on the products and services they produce without raising wages, they use tax loopholes that save them millions some even billions, their yearly matrix every year is wheather or not they made more profit this year than the previous year. while the rest of the country is drowning in debt, watching prices for goods and sercices rise while their wages remain low. However, they still pay their fair share of the taxes without the option of pushing off the cost on to others because “it’s unfair and unethical”