Here’s a great response to demands for student debt cancelation.
Robert Wiblin gets to the economics of student debt cancelation in a dead-on way with this comment:
Cancelling student debt is good but we could do more.
The government should also tax non-college grads in order to fund a $5,000 annual gift for all college grads as a way to show appreciation for how smart and productive we are.
As Glenn Reynolds quips, Wiblin is making a funny, but his proposal could very well find its way into the Democrats’ platform.