This is a bad faith argument. Student loan debt is disproportionately held by those w/ higher incomes, and those in the lowest quartile own the lowest percentage of it.
Student debt forgiveness represents an enormous financial transfer from the financial have-nots to the haves.
Student debt forgiveness represents an enormous financial transfer from the financial have-nots to the haves.
https://twitter.com/aoc/status/1362181256457379846
Also, that money is disproportionately owed by those who took on debt to go to grad school - including just about anyone who owes over 50k.
Even if you concede AOC’s worldview (I certainly don’t), why is that decision something anyone should subsidize?
brookings.edu/policy2020/vot…
Even if you concede AOC’s worldview (I certainly don’t), why is that decision something anyone should subsidize?
brookings.edu/policy2020/vot…
There are lots of bad arguments about student loan debt forgiveness but the most frustrating (to me) part is that it does the opposite of what its advocates call for: it transfers money from poorer, more racially diverse people to wealthier, whiter people. It’s VERY regressive.
It is inconceivable that someone whose primary concern is economic and racial equity would support student loan debt forgiveness. I wish we talked about that more.
This issue really sticks in my craw because, as broken as American politics is, there aren’t a ton of issues that so obviously violate the worldview of those who support them. The double-think is astounding. AOC **should** hate a policy like student loan debt forgiveness.
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