Blanket student loan forgiveness is redistributing wealth upward

[iemanja]

116. The uber concentration of wealth at the top does indeed

determine why so many incomes are far lower. Nonetheless, living in the upper 8% is more privileged than 92% of the country. So why should the majority pay for the comfort of the few? We oppose tax breaks that bring about that kind of economic dynamic. Why should student loans be different?

Do you have a source for your numbers about inflation and auto worker pay?

When people took out loans, they did so under the expectation that they would have to pay them back. That said, canceling the first $15k of student loans would cover most of those borrowers, who typically pursued an undergraduate degree. It's the blanket forgiveness for large loans typically owed by those with upper incomes that I oppose.

Another option I would support is to means test student loan forgiveness.