Yahoo Finance Article - Why Are Some People So Upset About Canceling Debt?

It’s great to see Yahoo Finance defending student debt cancellation, they have some great points in this article about how to respond to people who think it is unfair to people who already paid. Curious to hear anyone’s thoughts on this. Cancel the debt!


It’s the same kind of resentment you see for approaches meant to offset other steep and noticable disadvantages because the advantaged group reads it as a benefit they are not receiving. In not receiving everything the other groups (race, sex, etc.) receive they perceive a slight. It’s especially funny when they frame it as “Then I should receive some sort of compensation benefit as well” because it lays bare what they really want - to remain ahead of the people who were on the other side of the gap.