The “populist race” in the U.S., a shown by Bernie Sanders’ the plans to eliminate student’s debt.
Senator Bernie Sanders (I-Vt.) recently announced a proposal to eliminate student loan debt. He intends to pay off a total of $1.6 trillion, while financing the expenditure with a new tax on “Wall Street speculation.”
Student debt can be a serious burden for recent grads, especially those who fail to acquire high-paying jobs. And the intention to help those with serious financial burdens is commendable. But eliminating student loan debt would do more harm than good.