Amazon and Debt

I saw a meme on FB, “Instead of giving money to Amazon, why don’t we just cancel the student debt?”

The answer is: because the result is the same but the way it works now takes less time. And leaves students a bit richer.

Explanation: cancel student debt, and the debtors will immediately go buy stuff on Amazon (and a couple of its competitors) in the amount slightly higher than the canceled debt.

There’s no way of avoiding the money ending up in Bezos’s pocket. Let’s just relax and enjoy it, I say.

P.S. This is supposed to be a funny post. I know from experience that people tend to grow grim around Thanksgiving and take everything very seriously. So warning: I’m making a joke here. Ha ha. I’m not in the least opposed to student debt relief.

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