Brother, Can You Spare a Dime? For Student Loan Forgiveness

The most recent floated proposals on student loan cancellations is that the Biden administration wants to cancel ten thousand in loans per borrower, with an income limit of about 300K per family.

I support this, in part because it will materially help me out, but it doesn’t go far enough.

Here’s what I’m think happens if this goes through.

1) A lot of people are actually helped. Ten thousand dollars is a lot of money. It’s almost 1400 hours at the federal minimum wage which is…