Thread by @glenthecreator

This is why we push for #Reparations a 400+DEBT OWE exclusively to #ADOS(American Descendants Of Slavery) by GOV at the Federal Level.
#Biden's Student Loan Forgiveness Plan Doesn't Do Enough for Black Americans
msn.com/en-us/news/us/… #studentloanforgiveness

"I won’t benefit from Biden’s plan to cancel up to $10,000 of student loan debt (or up to $20,000 for Pell Grant recipients) for individuals making less than $125,000 a year."

"And though I don’t find the reasoning behind the income cap dispositive,I get the basic idea:those with higher incomes, like myself,can generally handle their loans more easily than those with lower incomes."

"There’s some theoretical truth to this,but ultimately this “solution” is doubly disappointing: it’s not a big or bold enough reimagining of how we treat education in general,and it completely misses the mark for Black Americans in search of a country that wants racial justice."

"I don’t begrudge anybody having their loans forgiven under this new policy even if I won’t get relief; I do,however,lament the administration’s failure to properly weigh the role that wealth plays,or should play,in student loan forgiveness.#studentloanforgiveness,#WealthGap

"I mean #wealth as distinct from income–wealth meaning assets that can be passed from generation to generation.Many of the people I went to law school with will benefit from this loan cancellation and also come from families that own homes,land,boats,cars,stocks,etc."#StudentDEBT

"Here’s something else about how wealth works: it can’t accrue to people who are not permitted,whether by law,social norms,or economic realities,to accumulate it."

"If,as in the example of the Black half of my family,things like redlining,and the GI Bill,and even current home valuations reflect anti-Black racism,then,in all but the rarest of circumstances,Black individuals and families literally cannot create wealth."#ReparationsForADOS

“differences in interest accrual and graduate school borrowing lead to Black graduates holding nearly $53,000 in student loan debt four years after graduation—almost twice as much as their white counterparts.”

"It doesn’t take a rocket scientist to see that ten-thousand dollars of relief will benefit white people more than Black people."#studentloanforgiveness,#StudentLoanDebt,
#ReparationsForADOS-#ADOS,#WealthGap,#RacialWealthGap

"Nor does it take a rocket scientist to understand how wealth impacts student loan debt: people with more wealth need to borrow less,and if they do borrow,they do it with a cushion of security."

"They will not fall through the cracks, and are far less likely to be ravaged by the vagaries of the job market and economy more broadly."