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No. We all end up paying, because the student loan debt they are talking about cancelling is ultimately held by the federal government. We'd be taking things f
by D13Fd 5y ago
No. We all end up paying, because the student loan debt they are talking about cancelling is ultimately held by the federal government.
We'd be taking things from the bucket of "the people who borrowed have to pay it back" and putting it into the bucket of "we all have to pay it back through increased taxes."
- wombatpm 5y agoWhat if the deal for debt cancellation was a 5% tax increase for those whose debt was cancelled for the remainder of their lives? Whenever you calculate tax, forgiven debtors pay 5% more.