Hell on Earth Awaits Millennial & Gen Z Members of Antifa

" In spite of all my rage I am still just a rat in a cage " - from the album Mellon Collie and the Infinite Sadness Released October 24, 1995 Written by Billy Corgen

Hi John, thanks for your in depth analysis of this. I can certainly understand and appreciate the level of anger that the Millennials & Gen Z are feeling and how that will make it very hard for them to renounce violence and the marxist ideology. If they are met with enough resistance, that might convince them to stop the insurrection but they’ll still harbor their anger. In order for them to both disavow violence & marxist ideology, they need to see their efforts building toward something tangible (i.e. seeing their debts reduced). But as you said, the compound interest, combined with their low-paying job prospects, will make sure that doesn’t happen. However, I don’t think they’ll be in lifelong debt because this situation is untenable in the long run. Millennials & Gen Z will eventually become the primary tax base (because the millennials are a HUGE demographic that this country can’t afford to ignore) and if they’re so indebted that they can’t afford to buy houses or even rent, then that’s not going to boast well for the future of America’s economic stability. For that reason, I predict they’ll have their debts forgiven out of necessity, and not just because of politicians pandering for votes. Sanders & Warren had already proposed some form of student loan forgiveness when they were campaigning so I imagine that some type of bailout isn’t too far off. And if politicians today don’t wipe out the debt, the Millennials & Gen Z will do that themselves once they achieve institutional power. The only question is whether they pass the debt on to the taxpayer or just tell the banks to pound sand. But if either of those happen, then this will only reinforce marxism in their minds because they’ll be convinced that government is the answer. In my opinion, I think eliminating interest on all student loans would be the best way to insure the Millennials & Gen Z repay their debts in a reasonable timeframe without resorting to a bailout on the taxpayer dime. Trump did temporarily suspend interest on federal student loans as part of covid relief. If he were to make that permanent, that would be a great first step in the right direction. Second step would be to stop federally insuring private student loans. That’s the main reason why tuition costs are so high. Colleges can charge outrageous prices for useless degrees because they know the banks will gladly finance them and the banks are willing to finance them because they know Uncle Sam will bail them out if the students ever default on the loans. Whereas if you make the banks take the risk, maybe they’ll be a lot more selective as to which degrees they choose to finance, and then colleges will adjust their costs accordingly. This would also have the added benefit of forcing colleges to prioritize degree programs that have high employment prospects over bullshit marxists studies, thus eliminating a major source of communist indoctrination.

@Generation Apollo : I agree with your analysis. However, we're once again in a checkmate situation. I had a lengthy discussion online with someone over Scandinavian economics with the usual refutations of their claim Scandinavia should be the model for the world. They were in support of the high Scandinavian taxes taxes because, by their claim, at least the Scandinavians see a benefit through their social programs. I deconstructed their argument offering evidence of how the Scandinavian model is unsustainable, borrowing as it is from their previous capitalist surplus, and is in the stages of collapse. I also countered that we already ARE following the Scandinavian model in the USA to a degree; but we hide it. Instead of being a direct tax, we've instead passed the debt for funding the socialist agenda onto our youth in the form of greatly inflated student loans. We lock in 18 year-olds into inescapable crushing debt, the repayment of which is used to prop up a failing system, their future earnings potential mortgaged against our government's current liabilities. It's why the cost of tuition and the loans taken out to pay for it have skyrocketed in the past few years. The youth have been thrown under the bus. The government will never forgive the loans because it would lose the income it had banked on from an entire generation working its ass off its entire life to repay. Or, should it be forgiven, then the money (i.e. labor) has to come from somewhere. That's when the mask comes off, the jack boots get put on, and totalitarianism comes to America where the productive are raped of their labor, and even imprisoned in labor camps to prop up the system. Unfortunately, I see no way out of this without some suffering on someone's part somewhere. I hope I'm wrong and people with a better grasp of the economics can figure a path forward, because I can't see one that doesn't end in insurrection, revolution, civil war, or totalitarianism. I really, really want to be wrong about this.