In the wake of President Joe Biden’s announcement of a massive student loan debt giveaway
former President Donald Trump issued the following statement:
Joe Biden and the Radical Left Democrats have just orchestrated another election enhancing money grab, this time to the tune of $300,000,000,000—and just like I predicted, it’s coming right out of the pocket of the working-class Americans who are struggling the most! Crippling inflation, unaffordable energy prices, and WAR—all things that should never have happened. But if that wasn’t enough, now Americans are bailing out College Administrators who fleeced students, and those who opted for Degrees there was no way they could afford. America is a nation in decline, and the cliff into oblivion is within sight. Stop voting for Democrats! MAKE AMERICA GREAT AGAIN!
This is another Trump prediction that has come true, despite establishment Republican claims that they would stop any Democrat student loan bailouts.
And Democrats weren’t the least bit shy about acknowledging the politics of their latest raid on the Treasury.
When Biden was speaking about the student debt program he ordered Wednesday and a reporter asked him to comment on the challenge that the policy was unfair to those borrowers who worked hard to pay off their loans he went straight to a class warfare justification right out of the Communist Manifesto.
"Is this unfair to people who paid their student loans or chose not to take out loans?" asked Karen Travers of ABC News.
"Is it fair to people who, in fact, do not own multibillion-dollar businesses if they see one of these guys getting all the tax breaks? Is that fair? What do you think?" Biden responded according to reporting by Blaze media.
"What about people who paid their loans, though, struggled to pay their loans, and now others don't have to?" asked another reporter.
Biden simply walked out of the room.
This Democrat Marxist vote buying scheme is an interesting commentary on who and what classes are at war in this 21st century class war – and it isn’t the proletariat vs. capitalist battle that Marx and Engels predicted, planned and hoped for in the Communist Manifesto.
Today’s class war is between the wealthy highly educated self-appointed cultural and political elite, and their taxpayer-supported clients, and those who work and produce, with the Marxists on the side of the workers and producers.
In this upside-down Marxist dystopia college-educated “cultural workers,” association executives, educators, congressional staffers and other government workers making up to $250,000 a year (which puts them in the top 5% of earners in the country, according to US Census Bureau data) will be subsidized by those in the lower- and middle-income brackets.
A worker who has no student loan debt making the median yearly salary of $53,924 will pay a total federal tax burden of about $15,314.42, meaning the average worker contributed that much to the federal government.
So, each median salary worker will subsidize about 1 and a half beneficiaries of Biden’s vote buying scheme – even those making almost five times as much per year.
As Charles Lipson explained in an article for The Spectator, Biden’s scheme “helps middle and upper-middle class recipients, and those who are rising through professional ranks, much more than it helps those lower down the income ladder. The forgiveness covers couples making up to $250,000. That has two political effects, beyond the early Christmas present to those fortunate recipients. The most obvious is that it undercuts the Democrats’ most prominent claim for the past century: “We are the party of everyday, working-class people, and those Republicans are the party of the rich.”
In practice, noted Mr. Lipson, the parties’ compositions have been shifting for some time, and this program of student loan forgiveness underscores the tectonic change.
It is indeed a tectonic change when the latest battle in the class war has the Marxist Democrats of the cultural and political elite making up to $250,000 a year pleading they only want “fairness” from the culturally and politically conservative proletarians on the shop floor making one-fifth their annual salary.
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