Tuesday, April 23, 2019

Elizabeth Warren's Plan To Cancel College Debt Is a Giveaway to the Well-Off and Well-Connected

To prove her commitment to fighting a system that is rigged by and for the wealthy and well-connected, Warren yesterday announced a new plan that would provide more than a trillion dollars in aid to the wealthy and well-connected.

In addition to ending tuition at public colleges, Warren wants to cancel the vast majority of outstanding student loan debt.

The nature of college attendance and student loans means that Waren's loan forgiveness plan is a massive giveaway to relatively well-off people.

In the U.S., only about a third of people over 25 have a college degree, making them a comparatively elite group whose elite status is reinforced by, among other things, the connections they make while at college.

Warren wants to impose an essentially punitive tax on the rich to fund a program for the merely well-off.

Warren is not looking to attack the systemic faults of higher education so much as to replace and expand them with an even more sweeping system of federal intrusion.

Warren has a plan for everything, except how to turn around her campaign.

https://reason.com/2019/04/23/elizabeth-warrens-plan-to-cancel-college-debt-is-a-giveaway-to-the-well-off-and-well-connected/

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