Opinion: Elizabeth Warren’s debt-relief plan could counteract our politics of resentment
By Christine Emba Christine Emba Columnist focused on ideas and society. Email Bio Follow Columnist April 26 at 4:53 PM By its height in 2011, Occupy Wall Street had spawned any number of slogans and mottos. While some had staying power , others faded quickly into obscurity . Some, however, deserve a second look.
Earlier this week, Sen. Elizabeth Warren unveiled a plan to address this as part of her 2020 presidential campaign. Alongside a major grant to historically black colleges and universities, and the elimination of tuition fees at public colleges, it proposed a sweeping cancellation of student loan debt: $50,000 for those with household incomes under $100,000, and $1 for every $3 for incomes above $100,000, plus the ability to discharge debts in bankruptcy.
An article in the Washington Examiner complained that “Elizabeth Warren’s plan to cancel student loan debt would be a slap in the face to all those who struggled to pay off their loans.” After the millennial-oriented website Refinery29 published an article on how young people would benefit from having their loans forgiven, readers raged. “You’re telling me it’s fair for me to help pick up the tab for those who didn’t . . . sacrifice?” one reader said in the comments.
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