August 30, 2021

Student Loan Forgiveness - Another Gift to the Rich

From Lance Sjogren:

Student loan forgiveness:

University of Chicago economists concluded in an April study that a full cancellation of student loan debt would entail $192 billion in forgiven debt for the top quintile of income earners, while those in the bottom quintile would receive just $29 billion.

A program sought by the political party of the privileged to benefit the privileged.

Posted by: Timothy Birdnow at 08:39 AM | Comments (3) | Add Comment
Post contains 71 words, total size 1 kb.

1 That may be fortunate for those on the bottom. I remember that, a few pages ago on this site, contributor Bill H. pointed out that forgiven debt is considered to be taxable income, and all of it taxable in the year the debt was forgiven.

The Law of Unintended Consequences strikes again.

Posted by: Dana Mathewson at August 31, 2021 09:59 AM (usxcn)

2 Of course Biden may well just forgive the tax debt as well...

Posted by: Timothy Birdnow at September 01, 2021 07:05 AM (D28R3)

3 University of Chicago economists concluded in an April study that a full cancellation of student loan 壯陽藥ptt 持久液ptt debt would 

Posted by: xy1564 at November 01, 2021 10:18 PM (Z9wXU)

Hide Comments | Add Comment




What colour is a green orange?




18kb generated in CPU 0.02, elapsed 0.0614 seconds.
43 queries taking 0.0485 seconds, 139 records returned.
Powered by Minx 1.1.6c-pink.
Always on Watch
The American Thinker
Bird`s Articles
Old Birdblog
Birdblog`s Literary Corner
Behind the Black
Canada Free Press
Common Sense and Wonder < br/ > Christian Daily Reporter
Citizens Free Press
Climatescepticsparty,,a>
_+
Daren Jonescu
Dana and Martha Music On my Mind Conservative Victory
Eco-Imperialism
Gelbspan Files Infidel Bloggers Alliance
Let the Truth be Told
Newsmax
>Numbers Watch
OANN
The Reform Club
Revolver
FTP Student Action
Veritas PAC
FunMurphys
The Galileo Movement
Intellectual Conservative
br /> Liberty Unboound
One Jerusalem
Powerline
Publius Forum
Ready Rants
The Gateway Pundit
The Jeffersonian Ideal
Thinking Democrat
Ultima Thule
Young Craig Music
Contact Tim at bgocciaatoutlook.com

Monthly Traffic

  • Pages: 1417
  • Files: 270
  • Bytes: 42.1M
  • CPU Time: 3:24
  • Queries: 67752

Content

  • Posts: 24521
  • Comments: 102495

Feeds


RSS 2.0 Atom 1.0