I can make an even better point. Student debt is the result of left wing policy effectively making higher education almost mandatory, dictating to send 50% of the population as a goal and that this was like elevating their class and social mobilisation.
The real impact is that now for many urbanites especially you can't work until 21 or 22 and free education isn't enough any more you need education so expensive you need to go leave the education system in significant debt with nothing to really show for it unlike something tangible such as a house.
When it comes to debt forgiveness who benefits depends on how they do it, they could pay for it with taxes or say the bank has to take the hit, most likely taxes so rich people get their money back plus interest. All that then does is spread the coast of their problem they inflicted on some of the people onto everyone. It's not forgiveness, you're being punished for it.
I can make an event better point. Student debt is the result of left wing policy effectively making higher education almost mandatory, dictating to send 50% of the population as a goal and that this was like elevating their class and social mobilisation.
The real impact is that now for many urbanites especially you can't work until 21 or 22 and instead of free education you need education so expensive you need to go leave the education system in significant debt with nothing to really show for it unlike something tangible such as a house.
When it comes to debt forgiveness who benefits depends on how they do it, they could pay for it with taxes or say the bank has to take the hit, most likely taxes so rich people get their money back plus interest. All that then does is spread the coast of their problem they inflicted on some of the people onto everyone. It's not forgiveness, you're being punished for it.