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Student Debt Limits Access to Prosperity!


Student Debt Limits Access to Prosperity!

"The economic effect of growing student debt and state education-funding is preventing people building their wealth in more ways than Andrew Campbell and his cronies at NZUSA can imagine,” said a Libertarianz spokesman today, responding to calls from NZUSA for banks to ignore student debt levels when considering mortgage applications from graduates, and for even more taxpayer money to be expended on students ungrateful for the largesse they already receive from taxpayers.

Speaking out against NZUSA today, Andrew Bates - Libertarianz spokesman for the deregulation of tertiary education - described student debt as a “large, unwanted and ever-growing millstone around taxpayers’ necks." Bates says that this "ever-increasing millstone" prevents capital accumulation, investment growth and technological advancement – the foundations of increasing incomes." He maintains that student groups like NZUSA who call for this millstone to be weighed even more heavily against taxpayers only serve to highlight "the inability of these professional whingers to grasp the most basic economic principles.”

"It was bad enough that the compulsorily-funded lobbyists at NZUSA used student money to advance the economically illiterate Alliance Retard Party," says Bates. "What's worse is their continued and ongoing demonstrations of their own economic illiteracy. If they think banks should abandon good business practises and listen to the King Canutes in Wellington, how long will it be before they call for the state to nationalise the farms and the factories?”

Bates recommends students shun the Faustian deal Campbell wants for students. “As things stand, other tax-paying graduates and I shall be forced to pay for 74% of future students’ educations and to bankroll the rest if they want it. NZUSA’s calls for 100% funding would only make this worse. I’d prefer to see the Libertarianz elected in which case student loans, education and other state owned services would rapidly be privatised. In an environment where taxpayers’ property rights were respected, the future earnings of graduates and everyone else would skyrocket.”

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