I don't like the idea of a flat tax. Or giving 0% rates to the wealthy (which would encourage the abuse of student loans by people who do not need the loans to attend school).
That’s a good point. Perhaps the interest rate could remain the same for people making over $60k and reduced for those making less, with none of the “capping at x% AGI” for those above $60k either. This would make it more dynamic for, I.e, a person who takes time off because of illness, caring for a family member, or having a child.
More complicated and potentially more room for fraud.
Overall, I think we ought to do something for people struggling. But I agree that nothing should be done for the wealthy.
More complicated and potentially more room for fraud.
Overall, I think we ought to do something for people struggling. But I agree that nothing should be done for the wealthy.