Welfare for the Wealthier? What Else is New?
December 23, 2020
In Joe Biden's "Emergency Action Plan to Save the Economy," the president-elect proposes to "[f]orgive a minimum of $10,000 per person of federal student loans."
Wait, some protest. That would be a subsidy for the more well-off, at the expense of the less well-off. They have a point. "[D]ebt relief overall, the New York Times notices, "would disproportionately benefit middle- to upper-class college graduates ... especially those who attended elite and expensive institutions, and people with lucrative professional credentials like law and medical degrees."
In truth, I don't have a big proble...