QueequegsHead
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Biden's Giveaways Largely Benefit Well-Off Americans
Perhaps not coincidentally, the makeup of the Democratic Party has recently been trending toward high-earning professionals.
PETER SUDERMAN | FROM THE AUGUST/SEPTEMBER 2022 ISSUE...
As president, Biden's attention has often been elsewhere. Under Biden, Democrats consistently have focused their energies on policies designed to benefit households with stable employment and six-figure annual incomes—not the super rich, but the affluent upper-middle class.
...
Shortly after taking office, for example, the Biden administration defended its decision to send $1,400 pandemic relief checks to families making up to $150,000 annually. The checks were part of the American Rescue Plan, a $2 trillion package of handouts to Democratic interest groups that Democrats pushed through Congress on partisan votes shortly after taking control of the House, the Senate, and the White House.
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This year, Democrats have pushed Biden to forgive vast swaths of student loan debt through executive action. These benefits would flow primarily to upper-income professionals with advanced degrees. While no action had been taken at press time, The Washington Post reported in May that the president was considering an income cap for forgiveness of up to $300,000 annually.
Perhaps not coincidentally, the makeup of the Democratic Party has recently been trending toward high-earning, highly educated professionals. In 2020, Biden won 60 percent of college-educated voters, according to Pew Research Center data, and more-educated counties trended Democratic. These high-earning degree holders may be ordinary Democrats, but they are not "ordinary middle-class Americans."
Details: Reason.com [Libertarian]
https://reason.com/2022/08/06/biden-comforts-the-comfortable/
