Forgiving Student Debt is a Regressive Tax

Student Debt Relief: A Regressive Tax on America's Poorest

"Forgiving" the debt of college graduates is one of the most regressive tax schemes imaginable.

As a group, college graduates tend to be healthier, wealthier, happier, and more racially homogenous. To use the language of the left, they are privileged. Our country cannot provide unlimited welfare - there are limits to economic surplus, and printing money is another regressive scheme that most devalues the assets of those who can bear it least.

Given those limits, who can seriously argue that of all the struggling people in the United States, those who successfully completed a college degree are the most deserving of trillions in welfare?

It is a handout for the elite, robbery of veterans and tradesmen and our most vulnerable to buy votes, bald justification to continue predatory federal lending programs that will ensure they can do this over and over again in the future.