The various "bailouts" over the years (2008 financial crisis, COVID stimulus, PPP loan forgiveness, student loan relief) have left me pretty cynical. I paid my bills and didn't get "bailed out". What can I do to profit from this?
My girlfriend in college had no idea how much her student loans were in total, how long they were financed, whether they were private or federal loans, etc. She just let her parents do all the financing work (they couldn't pay for her, but they did all the paperwork for her), and she just struggled with school while going out and drinking every night. Now she's graduated and we've long since parted ways, but she has a Bachelor's Degree yet she's currently working as a dog groomer and refusing to pay her student loans "because the government shouldn't force me to pay, I was only 18".
To see all of these people online now, complaining about how they were "groomed by the banks" to take out student loans drives me crazy. You made a bad decision. Your parents helped you make a bad decision. You need to live with that, and feel some form of "punishment" (in the form of not bailing them out) for not planning better for the future.
- try to save them from their own stupidity
- let the society collapse
We would ofcourse survive the collapse of society but majority of rich and poor ppl would die.
Rich and powerful want to keep the starus quo of power.
So we stay in this limbo of ppl becoming dumber and powerful bailing them out to not lose power.
Pretty simple stuff.
Rising tides lift all boats. Do you know any people who worked on wall street? Then they were helped by a bailout. Do you know any people who worked with the people who worked on wall street? Then they were helped by a bailout. Etc....
Maybe there's a favorite restaurant of yours that stayed open throughout COVID because of PPP. Or there are people who you know who kept their jobs because of PPP.
Maybe there are favorite products of yours that have been created or will be created by people who were able to start companies after their student loans were forgiven.
My point is that these bailouts aren't only helping the people/companies that were directly impacted - we're all connected so it's rare that helping so many people doesn't indirectly affect you in some way.