Paywall removed https://archive.is/cHSpA
How does forgiving debt help rich people? They aren’t the ones burdened by it.
People who have a large amount of debt from school are much, much more likely to have higher paying jobs. Someone with a Masters in Comp Sci doesn’t need a handout paid for by the lower and middle class.
I did a quick Google search which indicates that the average American income for people with a bachelor’s degree is about $60,000 (ballpark). That goes up to $80,000 for Masters. Plumbers make about as much as someone with a bachelor’s degree. Problem is that $80,000 a year, while a decent living, is not rich. If you think it is rich, god bless you
The bulk of government disbursements should be paid by those who have the bulk of the disposable income, but tax policy (and the fact that I think you’re full of shit based on my own experience with people with master’s degrees) aside those disbursements should go to people on the basis of need, perhaps quantified as income, and you could call them “Income Based” or “Income Driven” and…oh wait, that’s what the Trump administration just got rid of.