Thursday, June 23, 2022
Conservatives claim canceling US student debt will be expensive. They’re wrong
In this equation, student debt cancellation isn't so much a "cost" as a matter of accounting. It's a matter of adjusting revenues to what is deemed fair and of the most societal benefit. If we decided tomorrow that people's lives are of greater value than corporate profits, there is no public bill to foot. If corporate tax rates were set at previous rates and billionaires paid their fair share, there would be no cost at all...
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