You'd think.
If we can cancel trillions in taxes for a handful of billionaires we can cancel student loan debt for 45 million students.

Dec 1, 2020 · 5:05 AM UTC

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Replying to @marwilliamson
“We’re talking about a one and a half trillion dollar student loan debt. We’re talking about a two trillion dollar tax cut. Sorry guys-I’m going for the kids.”
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Replying to @marwilliamson
🚨New working paper🚨 with Constantine Yannelis We study “The Distributional Effects of Student Loan Forgiveness”. We find forgiveness to be a highly regressive policy. Full cancellation would distribute $192 bn to the top 20% of earners, and only $29 bn to the bottom 20%. 1/15
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Replying to @marwilliamson
Uhhhhhh this is a terrible analogy. First of all those billionaires are producing things and creating jobs for others, making the economy run, while many of these students are not yet contributing significantly to the economy. Also, the amount of money involved differs massively
Replying to @marwilliamson
The loans don't just get canceled. They would tax the middle class to pay for them. I've put my 3 kids through college thru hard work. I don't want to pay for those who have not.
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Replying to @marwilliamson
This is misdirected - very wealthy don't pay income taxes because they don't have income unless they want to.
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Replying to @marwilliamson
How about we do neither, and everyone is paying their dues?
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Replying to @marwilliamson
but biden keeps apointing people who have expressed a big fat no to such things
Replying to @marwilliamson
Maybe people with student debt can get it canceled in exchange for their voting rights?
Replying to @marwilliamson
No I don’t. No one forced them to take out student loans. Get a job.