TZUTC: -0400   
   MSGID: 49040.all-poli@1:103/705 276dd9fb   
   PID: Synchronet 3.19c-Win32 master/42e7d5fbc Aug 16 2022 MSC 1929   
   TID: SBBSecho 3.15-Linux master/cff51443b Aug 13 2022 GCC 8.3.0   
   BBSID: VERT   
   CHRS: UTF-8 4   
   Robbing the Poor to Pay the Rich   
   Pity poor President Biden, who can’t even seem to get the redistribution    
   of wealth right.  His plan to cancel $10,000 in student loan debt for    
   borrowers earning up to $125,000 per year is very possibly the single    
   biggest transfer from poor to rich in American history.   
      
   Somewhere, Bernie Sanders is weeping.   
      
   The average college graduate earns more than $1.2 million more over a    
   lifetime than his or her non-college peer.  The unemployment rate for    
   college graduates is 2.9 percent and hasn’t risen above five percent in    
   nearly two years, compared with an unemployment rate of 4.6 percent for    
   high school graduates.   
      
   Those income earners, however, will be helping to foot the bill for    
   their more affluent peers.  Researchers at the University of Chicago    
   determined that President Biden’s plan will shift an estimated $192    
   billion in earned income to the top 20 percent of wage earners.  Just    
   $29 billion would go to the bottom 20 percent.   
   The Federal Reserve estimates that across the income spectrum, President    
   Biden’s plan will lead to more than 31 percent of all borrowers    
   (approximately 12 million in total) having their entire student loan    
   debt eliminated; roughly $321 billion forgiven in an instant.   
      
   https://www.maciverinstitute.com/2022/08/robbing-the-poor-to-pay-the-rich/   
   --- SBBSecho 3.15-Linux   
    * Origin: Vertrauen - [vert/cvs/bbs].synchro.net (1:103/705)   
   SEEN-BY: 1/19 123 15/0 16/0 19/37 90/1 103/705 105/81 106/201 120/340   
   SEEN-BY: 123/130 131 124/5016 129/331 153/757 7715 154/10 203/0 218/700   
   SEEN-BY: 221/0 227/114 229/111 112 113 206 317 424 426 428 470 700   
   SEEN-BY: 240/1120 2100 5411 5832 5853 266/512 280/464 5003 282/1038   
   SEEN-BY: 292/854 8125 301/1 310/31 317/3 320/119 219 319 322/0 757   
   SEEN-BY: 341/66 234 342/200 396/45 423/120 460/58 633/280 712/848   
   SEEN-BY: 770/1 2452/250 2454/119   
   PATH: 103/705 280/464 240/5832 320/219 229/426