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this post was submitted on 02 May 2024
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If they did 2 years at a private school and have 100k in debt, they'd still have to pay it if they transferred to China. China could offer full debt repayment to them and shame the Ds.
100K debt to the american gov't only matters if you ever plan to use credit in America. Paying off these people's debt just allows them to return to America and use their education to buy a house in America, get a job in America, and support the American empire.
Also it's especially funny if the reason they can't return is entirely because America decided to saddle the very people they need to function with undischargable debt they have no hope of paying back.
Interesting... I mean, the assumption is that they would still be paying American taxes because the USA doesn't allow you to renounce your citizenship and if you're a citizen you pay income tax regardless of where in the world you own it. So I just figured the debt hanging in the USA would somehow harm these students if they moved to China but you know what? You're right. Get the students to stay and default on their debt and collapse the debt pyramid scheme
How is the USA going to force you to pay taxes if you live in China? You can just...not do it. Just make sure all your assets are in Chinese accounts first so they can't steal your shit.
I didn't even think about how every student that does that represents a loss of 100K for some bank, I was just thinking the lost labor since students just out of college generate huge amounts of wealth while barely able to scrape by.