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Thursday, Feb. 25, 2021 While a college education is a key facet of the American Dream, the degree often comes with a significant cost: the average student loan debt in 2021 is more than $36,000. Altogether, around 43 million Americans owe about $1.6 trillion in federal student loans. Increased debt is linked to delays in marriage, fewer small business startups and fewer families being able to purchase a home. In addition, the impact is racially disproportionate: Black college graduates owe, on average, $25,000 more in student loan debt than white college graduates. While some prominent Demo...

Joe Biden vs. AOC: Will the President Forgive Student Loan Debt? Despite President Joe Biden’s openness to forgiving some level of debt for borrowers, his comments Tuesday night sparked uproar from progressive party members, opening up an early party rift over liberal policy.  President Joe Biden shot down a Democratic proposal on Tuesday that would cancel $50,000 of student loan debt per borrower but signaled an openness to forgive some level of debt—a posture that’s already received sharp backlash from far-Left members of the party. “I will not make that happen,” Biden said at a...

The Poisonous Economics Of Wealth Taxation  Share   Share Trending I don’t like higher taxes, whether looking at levies on income, capital gains, payroll, death, or consumption. But if asked to identify the worst way of hiking taxes, the wealth tax might lead the list because of the economic damage caused per dollar collected. If you don’t want to spend two minutes watching the video, which is excerpted from an online debate organized by my left-leaning friends at TaxCOOP, everything I said can be boiled down to the following four points. A wealth tax might reduce inequality, b...

That? >> it shows compensation packages for the ceos have continued to grow at a rapid pace, definitely outpatient what's happening for workers in terms of hourly wages. we have seen that the higher income people have been able to collect more gains of come from the growth coming out of the great recession. i have a hard time seeing how that will continue to be the case as we see this sort of growth going forward. companies need to fill jobs of god creative and they been able to do so without raising wages so far. at some point there is just a lack of workers to fill the jobs and they have to ...

Inside of a campaign and pushing ideas like this -- this is the kind of stuff you worked on in the campaign an you hear silence from the other party, complete silence on what is becoming the number one or two issue up there with bernie sander and hillary clinton, does that feel like an opportunity, or does that feel like maybe -- >> 100%. i'd be shocked if the -- if that continues, the silence coming from republicans. i'd be shocked if every democratic candidate didn't just hammer this everywhere they went. every group of young people around the country and even not so young people who themsel...