[loeg]

> If someone graduated with $100,000 debt because they partied all the time, didn't work, and tomorrow Biden just gave them a tax-free forgiveness....

> I am not punished by this.

Imagine a fair and equitable spending program that distributed $100k to everyone. It's fair, and people with debt could use it to pay off their loans (you could even require it to be used to pay off student loans first). If your goal is to help people with loans pay off their debts, it is an effective program. It's also obviously fair.

Then, tax 100% of the distribution for people without student loan balances. This is the step that imposes a punitive expense, relative to a fair program, on people without student loans.

That's what these proposals look like. There's no particular reason recent college students as a group should be the sole recipients of a wealth transfer.

[omegaworks]

> Then, tax 100% of the distribution for people without student loan balances.

No one is proposing this.

[loeg]

Proposals to pay off student loan debt are the equivalent of this, as I have expanded on at length in the rest of my comment.

[omegaworks]

They are not, though. You wrote your comment as though every proposal is necessarily a tax on everyone that does not have student loans.

This is an entirely made up claim. A hypothetical strawman useful to only those that seek to victimize themselves when this topic comes up. Student debt is a contractual arrangement between the government and the borrower. It can simply be ended. The government has the power to do that without imposing a tax on everyone else.