As a general rule, some of the worst people are attracted to the wold of politics.

As such, we should never be surprised when politicians push bad policy.

But there are bad ideas…and there are really bad ideas.

At the risk of understatement, Biden’s proposed scheme to “forgive” a big chunk of student debt is spectacularly misguided.

The challenge is identifying why it’s wrong. There are so many possible answers.

Let’s review some of the ways this is bad for the United States (you get to make your choice in a poll at the end of the column).

• Redistributes from poor to rich
• Subsidizes irresponsibility and penalizes responsibility
• Abuse of power
• More red ink
• Higher tuition price
• Awful precedent

To help determine which answer is best, let’s review some recent analysis.

Scheme: The Party of the Rich Redistributes Money Upwards | International Liberty