Don’t Be Angry, Start a Business: Student Loan Forgiveness for Fun & Profit

The James Altucher Show

James Altucher

Education, Business

4.6 • 2.7K Ratings

🗓️ 2 September 2022

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

"Politics makes people stupid," says James, an outspoken critic against buying into skyrocketing college tuition fees. James attended Cornell and has finished paying back his loans. Robyn chose not to go to college and pursued an entrepreneurial lifestyle. The two of them now have five college-aged children. Jay went to a private college but, as a foreign national, wasn't eligible for federal student aid.Today, our non-partisan co-hosts dissect the Biden administration's decision to cancel up to $20,000 in federal student loans for qualified individuals.Topics include:Robyn's new podcast: Moms and Stocks (04:54)Crypto fund fronted by Matt Damon accidentally refunds $10.5m to a woman instead of $100 (07:56)Is student debt forgiveness a moral hazard? (11:15)Is the taxpayer paying for the loan forgiveness? (13:40)Why Are Student Interest Rates Rising? - (18:01)Are colleges hedge funds with campuses? (19:19)Who is paying for the loan forgiveness? (21:29)Is the loan forgiveness fair or unfair? (23:25)Progressive vs. regressive taxation schemes (31:10)College enrollment rates based on household income (32:23)------------Visit Notepd.com to read our idea lists & sign up to create your own!My new book Skip the Line is out! Make sure you get a copy wherever books are sold!Join the You Should Run for President 2.0 Facebook Group, where we discuss why you should run for President.I write about all my podcasts! Check out the full post and learn what I learned at jamesaltucher.com/podcast.Thank you so much for listening! If you like this episode, please subscribe to "The James Altucher Show" and rate and review wherever you get your podcasts:Apple PodcastsStitcheriHeart RadioSpotifyFollow me on Social Media:YouTubeTwitterFacebook ------------What do YOU think of the show? Head to JamesAltucherShow.com/listeners and fill out a short survey that will help us better tailor the podcast to our audience!Are you interested in getting direct answers from James about your question on a podcast? Go to JamesAltucherShow.com/AskAltucher and send in your questions to be answered on the air!------------Visit Notepd.com to read our idea lists & sign up to create your own!My new book, Skip the Line, is out! Make sure you get a copy wherever books are sold!Join the You Should Run for President 2.0 Facebook Group, where we discuss why you should run for President.I write about all my podcasts! Check out the full post and learn what I learned at jamesaltuchershow.com------------Thank you so much for listening! If you like this episode, please rate, review, and subscribe to "The James Altucher Show" wherever you get your podcasts: Apple PodcastsiHeart RadioSpotifyFollow me on social media:YouTubeTwitterFacebookLinkedIn See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

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0:00.0	This isn't your average business podcast and he's not your average host.
0:06.7	This is the James Altiger Show.
0:13.2	Welcome to a new episode of the James Altiger Show and today I've been really interested
0:21.5	in the conversation happening about student loan forgiveness and of course like everything
0:26.2	else it's gotten political and because it gets put here's the saying it's just a mantra
0:32.7	on this show politics make people stupid so the fact that this issue has become political
0:39.0	makes people polarized so much in either one direction or the other that they're forgetting
0:44.4	the gray area in between every issue on the planet has a gray area in between there's
0:49.0	nuances there's subtleties that's why big issues and decisions like this are difficult
0:54.5	because there's no black and white answer but when things are political and everybody's
1:00.4	running with the crowd you either believe one crowd or the other crowd and then you
1:04.1	don't change your beliefs ever and you don't think in a nuanced way ever so I want to
1:08.2	dissect this issue a little bit and as the cliche goes talk about the good the bad and
1:14.3	the ugly and how we can take advantage of it how how we can benefit maybe from this regardless
1:21.6	of whether it's fair or unfair and I don't know I just want to kind of riff on this a little
1:26.5	bit with my co-hosts Robin Altature aka my wife and Jay Yao producer extraordinaire Jay
1:37.6	you just gave a talk on audio engineering at the best conference on the planet for podcasts
1:42.0	yes I can't just move it and did you have a good time I have a great time the funny thing
1:47.4	is I was so nervous after my talk I had stomach cramps right away like right when I say
1:52.8	thanks I give a bow I always bow because I'm Asian so we always bow I give a bow I do
1:58.5	give a bow how do you give a bow do you like put your arm over your stomach and lean over
2:03.1	it or do you just like have your hands by your sides your arms by your side and bow I think
	...

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