Occupy Wall Street expresses their anger over the government bailing out big businesses which unwisely took on huge debt. They do not want the people to socialize the losses of those people who make imprudent financial decisions.
Some Occupy Wall Street members also want their student loans, paid for partially through subsidized government loans at lower rates than the market would otherwise offer, to be forgiven by the government. They want the taxpayer to socialize their loss which has benefited them and only them. There is a word for this, what is it? . . . Hypocrisy.
I understand that there is a difference between wall Street fat cats and their huge salaries and insolvent students with a college degree who are unemployed due to a flailing economy. However, a person with a college degree is better of than the person with a GED. The person with the college degree made the decision to go to college just as much if not more so than the decision by the big banks to invest in the housing market.
The people with a college degree are the ones primed for future success, they are the ones who have added value to bring to an organization, they are the ones with specialized skills. They are the future. These people should not be bailed out at the cost of all the other taxpayers, including the working fathers and mothers who did not finish high school and are working as a mechanic or electrician or factory worker, when the people being bailed out will likely in 10 years be a manager at Fidelity or a professor at an obscure liberal arts college.
No.
By the way. I am a person who got a useless politics degree at an expensive private college. I am a person currently paying an arm and leg to go to law school for a juris doctor which seems to currently plunging in value. My point, I am speaking against my self interest right now. That is because forgiving student loans is not right.
(back to studying for finals)
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