Where do people think these free things come from?
Were they never taught “money don’t grow on trees”? TANSTAAFL
A majority of Americans would oppose President Joe Biden’s plan to “forgive” billions of dollars of federal student loan debt if it led to higher taxes, according to a recent poll.
The survey (pdf), conducted by British data company YouGov on behalf of the libertarian Cato Institute, found that 64 percent of American adults said they are in favor of the federal government “forgiving” up to $10,000 in federal student loans for people earning less than $150,000 a year, or less than $300,000 per year for married couples.
“However, support for cancelling federal student loan debt plummets when Americans consider its trade-offs,” the Cato Institute said.
When asked whether they would support the same plan if it “raised your taxes,”64 percent of respondents said they would oppose the move, according to the results.
Meanwhile, 68 percent of respondents said they would oppose the student loan bailout if it would “primarily benefit higher income people.” Seventy-six percent would oppose the plan if it would cause universities to raise their tuition and fees, while 71 percent would oppose it if that means more employers would require college degrees even when they are not necessary for the job.
“These data show that Americans don’t like the costs that many experts believe are associated with federal student loan forgiveness,” said Cato’s Director of Polling Emily Ekins.