MCViewPoint

Opinion from a Libertarian ViewPoint

EconomicPolicyJournal.com: In the Biden Stimulus Package, AOC Spots a Very Interesting Tax Provision Relating to Student Loan Forgiveness

Posted by M. C. on March 13, 2021

The accompanying video has apparently been deleted. It takes Occasional Cortex, an economics major, a minute and a half to spit out with great mental effort that stimulus checks used to pay down college debt aren’t taxed.

https://www.economicpolicyjournal.com/2021/03/in-biden-stimulus-package-aoc-spots.html

Rep. @AOC: “If you care about student debt cancelation it is go time for you. You need to mobilize.” pic.twitter.com/ci0827dkPx— The Hill (@thehill) March 12, 2021

I am not against student loan forgiveness per se.
The entire program was a crony scam set up by the government-college education-bankster complex to make college so expensive that students were forced to borrow massive sums of money to attend college.
I am against however bailing out the banks and college and universities on the other end of the loans. They should take the hit of the debt forgiveness rather than being bailed out by the government that is taxpayers.
And future government-backed college loans should be stopped.
 –RW

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