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0 pointsfriedman234y ago0 comments

This feely bullshit thinking is what got these dumb kids into the problem in the first place. There is more to life than a job? Sure maybe there is, maybe there isn't either. The point is that people that make dumb decisions cuz feels and passion don't get bailed out by people that make practical and rational decisions. Live with your feels in massive debt, not my problem.

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soared4y ago

Yea, let’s punish the 18 year olds who hoped they might be able to follow their passion instead of getting a business degree and sitting behind a desk for 40 years.

Are their decisions good ones? No, not really. But at 18 I can’t really fault someone for not understanding the decades long implications of interest payments and job market dynamics.

Ekaros4y ago

Should we bail out 18 year olds making other bad decisions. Let say entering some type of illegal business. Or maybe just maxing out credit-cards, payday loans and so on and gambling all that money?

lostdog4y ago

Yes, and for all adults we should too.

It shouldn't be possible to take out so much debt on such bad terms that you fuck up your life. Bankruptcy should be available for these cases, and lenders should be responsible for checking that an applicant is capable of paying back a loan.

soared4y ago

We have protections around those things so kids don’t do them. With student loans we have the exact opposite of protections.

s1artibartfast4y ago

I'm pretty sure we don't have protections against cc debt. An 18 year old can get 10 cards and run up 100k debt

the_only_law4y ago

> Are their decisions good ones? No, not really. But at 18 I can’t really fault someone for not understanding the decades long implications of interest payments and job market dynamics.

Funny thing I’ve noticed. 18 year olds are either fully developed adults with full complete knowledge of their choices and the nuances around them, or complete idiots who wouldn’t be trusted to to make big decisions depending on what issues you’re discussing.

soared4y ago

Entirely depends on who you ask and in what situation I'm sure. Most of my opinions are based on the world being too complicated for anyone to make optimal decisions regarding safety/finance/etc.

meatsauce4y ago

People who simply follow their "passion" usually end up sleeping under a bridge. There is more to life than your passions.

rayiner4y ago

We should make the boomers who told kids to “follow their passion” co-liable on the debt. Barbara Walters have this speech about “follow your bliss” to my brother’s graduating class at Yale: https://speakola.com/grad/barbara-walters-bliss-yale-2012

Yalies know this is just something upper class people say but don’t mean. Half the kids in this audience are now in banking, tech, or management consulting. Because of course they are—doing that was in their 10 year plan that they sketched out at 15. It’s the proles that are duped by the message and get themselves into trouble.

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soared4y ago

Yea, let’s punish the 18 year olds who hoped they might be able to follow their passion instead of getting a business degree and sitting behind a desk for 40 years.

Are their decisions good ones? No, not really. But at 18 I can’t really fault someone for not understanding the decades long implications of interest payments and job market dynamics.

Ekaros4y ago

Should we bail out 18 year olds making other bad decisions. Let say entering some type of illegal business. Or maybe just maxing out credit-cards, payday loans and so on and gambling all that money?

lostdog4y ago

Yes, and for all adults we should too.

soared4y ago

We have protections around those things so kids don’t do them. With student loans we have the exact opposite of protections.

s1artibartfast4y ago

I'm pretty sure we don't have protections against cc debt. An 18 year old can get 10 cards and run up 100k debt

the_only_law4y ago

> Are their decisions good ones? No, not really. But at 18 I can’t really fault someone for not understanding the decades long implications of interest payments and job market dynamics.

soared4y ago

Entirely depends on who you ask and in what situation I'm sure. Most of my opinions are based on the world being too complicated for anyone to make optimal decisions regarding safety/finance/etc.

meatsauce4y ago

People who simply follow their "passion" usually end up sleeping under a bridge. There is more to life than your passions.

rayiner4y ago

j / k navigate · click thread line to collapse