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The Student Loan Forgiveness Scam

August 24, 2022 By Debbie Young

President Joe Biden delivers remarks on the Supreme Court decision on Dobbs v. Jackson Women’s Health Organization to overturn Roe v. Wade, Friday, June 24, 2022, in the Cross Hall of the White House. (Official White House Photo by Adam Schultz)

Forgive the Student Loan Debt by Taxing Those Who Don’t Go to College

Reports BRIGHT editors: Charles Stallworth, a union railroad worker, writes in Newsweek:

Unlike progressives, we don’t see student debt cancelation as an avenue out of poverty. We see it as a tax on those of us who chose not to go to college, who now have to pay for those who already got a big advantage in the labor market by way of their degree…

But far from making the case to working class Americans like me, progressives act aggrieved if you ask them to defend this proposal. 

What is the reasoning against student debt cancelation “that isn’t rooted in cruelty”?  What’s behind the position that a waitress or carpenter or nurse’s aid or lineman—should pay for the student loans of lawyers and doctors and film studies majors?

How much of an elitist do you have to be not to give a damn about the cruelty of demanding that blue collar workers who didn’t go to college chip in and pay off student loans that they didn’t take out?”

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Debbie Young
Debbie, editor-in-chief of Richardcyoung.com, has been associate editor of Dick Young’s investment strategy reports for over five decades. When not in Key West, Debbie spends her free time researching and writing in and about Paris and Burgundy, France, cooking on her AGA Cooker, driving her Porsche Boxter S through Vermont and Maine, and practicing yoga.
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