“The Distributional Effects of Student Loan Forgiveness”

By artappraiser on Tue, 12/01/2020 - 12:42pm |

Canceling student loan debt would worsen wealth inequality.

The highest-income college grads would receive 6.5x more benefit than the lowest. https://t.co/9FeyyfBHGk
— Frank Luntz (@FrankLuntz) December 1, 2020

URL:

https://twitter.com/sc_cath/status/1333429322900713472

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this libertarian argument focuses among other things on the point that such debt forgiveness would be taxable income:

Student loan forgiveness would have less of a positive economic impact than many of its proponents say—a point that even some progressives openly acknowledge https://t.co/RlCzrlyC5d
— reason (@reason) December 2, 2020

by artappraiser on Wed, 12/02/2020 - 4:49pm

Student loan debt forgiveness would be an absolute win for millenials.

Also, the Reason argument could be applied to the stimulus given out when COVID occurred, or Yang's hypothetical $1000 a month. Reason magazine is largely Objectivists who are against government doing much of anything.

by Orion on Wed, 12/02/2020 - 5:23pm

“The Distributional Effects of Student Loan Forgiveness”

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