Blanket student loan forgiveness is redistributing wealth upward

[iemanja]

126. Do you mean publicly funded education?

Because nothing is free.

Student loan forgiveness up to $15k would cover most everyone with a Bachelors or AA degree. Loans above that are held by people with graduate degrees, which is not in keeping with what you outline in your own post. Blanket student loan forgiveness above the $15k Biden has suggested would be paying for advanced degrees, and it would be tax payers who have never enjoyed such opportunities paying for those who make far more than themselves. It's not a just proposal.

We can imagine a "ideal world" where education at public universities is publicly funded. That's how many European countries operate. They also have rigorous exams in which only those who perform at the highest level can receive that education. (Sometimes students who don't make that level go to tuition charging private colleges and universities). Residents of those countries also pay around 50% of their income in taxes. Such systems also typically have universal health care. They are fine systems, but the kind of dramatic reform that is unlikely to pass congress in the US, especially in this current climate where equal rights for women and voting rights are being stripped away.