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A stance against student debt cancellation doesn’t rely on the assumptions of any single ideology. Strong cases against student debt cancellation can be made based on the fundamental values of any section of the political compass. In no particular order, here are some arguments against student debt cancellation from the perspectives of many disparate ideologies.

Equity and Fairness

Student debt cancellation is a massive subsidy to an already prosperous and privileged population. American college graduates have nearly double the income of high school graduates. African Americans are far underrepresented among degree holders compared to their overall population share.

Within the group of college graduates debt cancellation increases equity, but you can’t get around the fact that 72% of African Americans have no student debt because they never went to college. The tax base for debt cancellation will mostly come from rich white college graduates, but [...]

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Outline:

(00:29) Equity and Fairness

(01:59) Effective Altruism

(02:54) Student Debt Crisis

(03:42) Fiscal Conservativism

(04:43) Democracy

(05:34) Cultural Conservatism

(06:24) Progress Studies

(07:03) Divestment

(07:32) Marxism

(08:27) Biden's Campaign

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First published:
May 13th, 2024

Source:
https://www.lesswrong.com/posts/Ds5ShpaLLdBzkAuvT/against-student-debt-cancellation-from-all-sides-of-the

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Narrated by TYPE III AUDIO.

“Against Student Debt Cancellation From All Sides of the Political Compass” by Maxwell Tabarrok

LessWrong (30+ Karma)