Government Promises, Taxpayer Price Tags Let’s get something straight: there's no such thing as "free" loan forgiveness. The SAVE plan wasn't a benevolent gesture. It was a wealth transfer from workers — many of whom never saw the inside of a university classroom — to a politically useful class of indebted degree-holders. Promises of $0 payments and magic debt erasure only work until someone has to foot the bill. And that someone is always the taxpayer. This is not generosity. It's coercion disguised as compassion. Distorted Incentives, Broken Markets When you promise loan forgiveness on a mass scale, you do more than spend money. You warp incentives. Universities hike tuition, knowing students will take loans they may never repay. Students…
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