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Letter: Fair is fair

CANADA MORNING POST (TORONTO)
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I wrote a letter to President Biden asking him for forgive my share of the Federal Debt while he is in the forgiving mood. I figure, this is only fair.

President Biden is poised to use executive action to forgive $1.6 trillion in student loans. The individuals whose loans are set to be forgiven, signed for the loans with a promise to repay their loan.

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The National Debt is estimated to be $87,000 per person. I did not sign any loan papers to apply for or promise to repay this debt, yet, no doubt, I will pay for it with my taxes. The $1.6 trillion that Biden is prepared to forgive will be added to the National Debt and my tax burden.

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Loan that are forgiven become taxable income. At least those who have their student loans forgiven will have to pay income tax on it.

Helene Seltzer

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Manhattan

Source: Shaw Media Local
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Canada Morning Post - Published by Amnon Free Press | Central Press Syndicate.