this post was submitted on 23 Oct 2023
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[–] Zeppo@sh.itjust.works 34 points 1 year ago (1 children)

Pretty enlightening that when (US) liberals propose canceling $40 billion of student debt, of course the people who hold it are up in arms - but they'd sell it to someone else for 1.25% of that. So $40 billion of debt is really 500 million.

[–] guacupado@lemmy.world 10 points 1 year ago

Kind of wild, right? We have people who could pay that and literally wouldn't even notice the money gone.

[–] AA5B@lemmy.world 11 points 1 year ago

That is outstanding! I’ve always wondered how far those efforts can go - that really seems like an excellent investment

[–] transientpunk@sh.itjust.works 8 points 1 year ago* (last edited 1 year ago)

I wish I could buy off my debt at that rate. I'd only owe $500