Millions of New Yorkers woke up on Wednesday to the prospect of a city where their rents will barely rise, they’re safe from eviction and they’ll never have to put down more than a month’s security deposit.
Noah Smith 🐇So NYC is going to going to try a different tactic. It's going to do draconian rent control (note this is a state-level law, but it's really about the city).
Graduates don’t have to start making payments for their college educations until they reach a salary equivalent to $39,152—and they pay no interest.
Noah Smith 🐇Simply canceling student loans without reforming the system will encourage people to simply take out more loans in the future, in expectation of another cancellation. We need to reform the system.
Income-based repayment is a good reform.