@ArmchairEconomist01 @LostShakerOfSalt @lonestarr We can look at creative solutions that don't feel as punishing to those who took care of their loans the old fashioned way.
>permanent tax increase based upon some formulaic calculation involving total student debt.
e.g. 1% for 20k debt relief.
>tax credit for responsible borrowers
literally give a credit or deduction for X years for people who didn't do loan forgiveness
>social security delay
Wipe out your loans, but your social security benefits are delayed 1-5 years based upon amount. Since SS is based upon life expectancy and earnings and is functionally managed like a pension, this would mean a huge burden lift on the system.
>Wipe out percentage of loans or flat dollar amount for each child.
This has been used successfully in many countries as a way to solve demographic collapse. Since one of the effects of student loan debt is people feel burdened and unable to start families, remove the hurdle for those willing and wanting to start a family. Means testing based upon productivity and net future taxable receipts will likely show this is extremely viable and a net positive for the country. As a bonus it doesn't mean importing infinity refugees.