throwaway32849
> https://www.csmonitor.com/USA/Politics/2020/1027/As-college-...
And as I pointed out, it's not solely for the reasons college-educated progressives are eager to suggest ("ignorant, uneducated people vote republican"). Student loan forgiveness is a flatly a regressive policy, amounting to a handout to people who are already economically advantaged.
> https://www.cnbc.com/2020/11/09/student-loan-forgiveness-cou...
> Biden laid out a narrower plan, saying he would forgive $10,000 in student debt for all borrowers, and the rest of the debt for those who attended public colleges or historically Black colleges and universities and earn less than $125,000 a year.
Imagine being a non-college educated voter earning $60-70k a year, and reading that people earning upto $125k a year will get a handout.
Biden actively courted high-earning, educated voters with his free college and student loan forgiveness policies, which amount to a wealth transfer to people who already have higher lifetime average earnings and are at a competitive advantage in the employment marketplace. Not very progressive:
https://www.nytimes.com/2018/11/18/opinion/student-debt-forg...
He also pledged to fund it by raising corporate income taxes, which will reduce the profitability (and therefore, the value) of all publicly traded companies in the US, which means anyone with a 401(k) or IRA will indirectly be paying for this, even if they don't have student loan debt or a college degree at all.