Almost all of these are about “cancellation” by means of transferring money from the government to those in debt. Are there similar arguments against draining some of the ~trillion dollars held by university endowments to return to students who (it could be argued) were implicitly promised an outcome they didn’t get? That seems a lot closer to the plain meaning of “cancelling debt”.
That’s not a part of any of the plans to cancel student debt that have been implemented or are being considered. That would definitely change a lot of the arguments but I don’t think it would make debt cancellation look like a much better policy, though the reasons it was bad would be different.
Almost all of these are about “cancellation” by means of transferring money from the government to those in debt. Are there similar arguments against draining some of the ~trillion dollars held by university endowments to return to students who (it could be argued) were implicitly promised an outcome they didn’t get? That seems a lot closer to the plain meaning of “cancelling debt”.
That’s not a part of any of the plans to cancel student debt that have been implemented or are being considered. That would definitely change a lot of the arguments but I don’t think it would make debt cancellation look like a much better policy, though the reasons it was bad would be different.
Would you mind giving the reasons you think it would still be bad if the debt was actually canceled rather than just paid by the government?