CNN’s Rampell: Dems Decided that the Only Way to Help the Needy Is To Give Some Money to the Rich

BOLDUAN Catherine your column ░░░░░░░░ this is headlined Biden ░░░░░░░░ student debt plan is ░░░░░░░░ Democratic version of trickle ░░░░░░░░ economics I read it ░░░░░░░░ quite a bit of ░░░░░░░░ What do you mean ░░░░░░░░ What I mean is ░░░░░░░░ seem to have decided ░░░░░░░░ the only way to ░░░░░░░░ the needy the only ░░░░░░░░ to help the poor ░░░░░░░░ the middle class is ░░░░░░░░ to give some money ░░░░░░░░ the rich which is ░░░░░░░░ sort of flipside of ░░░░░░░░ of the arguments that ░░░░░░░░ ve heard from Republicans ░░░░░░░░ the years that the ░░░░░░░░ way to help the ░░░░░░░░ is to give tax ░░░░░░░░ to the rich In ░░░░░░░░ case the argument from ░░░░░░░░ progressive left is well ░░░░░░░░ only way we can ░░░░░░░░ people who are struggling ░░░░░░░░ student debt is to ░░░░░░░░ give forgiveness to households ░░░░░░░░ 250 000 a year ░░░░░░░░ is what this plan ░░░░░░░░ Now it may not ░░░░░░░░ that those people get ░░░░░░░░ majority of the benefits ░░░░░░░░ they will get money ░░░░░░░░ mean that is money ░░░░░░░░ could be used for ░░░░░░░░ purposes That is money ░░░░░░░░ could be used on ░░░░░░░░ child tax credit or ░░░░░░░░ million other things that ░░░░░░░░ normally claim to care ░░░░░░░░ about I find it ░░░░░░░░ little bit frustrating that ░░░░░░░░ progressive left has insisted ░░░░░░░░ in a number of ░░░░░░░░ ways of thinking about ░░░░░░░░ government has insisted on ░░░░░░░░ only way to help ░░░░░░░░ who are needy is ░░░░░░░░ by giving away benefits ░░░░░░░░ the upper middle class ░░░░░░░░ the argument is a ░░░░░░░░ one like Well the ░░░░░░░░ way we can get ░░░░░░░░ it is if rich ░░░░░░░░ benefit too I think ░░░░░░░░ this case it s ░░░░░░░░ that the demographics of ░░░░░░░░ Democratic Party have shifted ░░░░░░░░ it is increasingly a ░░░░░░░░ educated higher income party ░░░░░░░░ so they feel like ░░░░░░░░ have to give away ░░░░░░░░ goodies essentially to you ░░░░░░░░ the investment banker who ░░░░░░░░ you know the future ░░░░░░░░ banker who just got ░░░░░░░░ MBA is going to ░░░░░░░░ debt relief from this ░░░░░░░░ example someone who might ░░░░░░░░ a plastic surgery resident ░░░░░░░░ who might have a ░░░░░░░░ income who is going ░░░░░░░░ make 400 000 next ░░░░░░░░ They re going to ░░░░░░░░ some of their debt ░░░░░░░░ out The way that ░░░░░░░░ was designed effectively gives ░░░░░░░░ quite a bit of ░░░░░░░░ making the plan more ░░░░░░░░ than it otherwise needs ░░░░░░░░ be essentially to some ░░░░░░░░ these constituencies that I ░░░░░░░░ the party has now ░░░░░░░░ are more important to ░░░░░░░░