{"id":5583,"date":"2022-08-27T06:59:25","date_gmt":"2022-08-27T13:59:25","guid":{"rendered":"https:\/\/hernandezforcongress.com\/?p=5583"},"modified":"2022-08-27T07:08:13","modified_gmt":"2022-08-27T14:08:13","slug":"biden-student-loan-debt-program-is-a-massive-wealth-transfer-from-middle-to-upper-class","status":"publish","type":"post","link":"https:\/\/hernandezforcongress.com\/biden-student-loan-debt-program-is-a-massive-wealth-transfer-from-middle-to-upper-class\/","title":{"rendered":"Biden Student Loan Debt Program is a Massive Wealth Transfer from Middle to Upper Class"},"content":{"rendered":"<p>Thus the illegal executive order pushed by the Democrat \u201cprogressive caucus\u201d is a gigantic wealth transfer to be paid by lower and middle income families to the wealthiest segment. Guess what?<\/p>\n<p>The very people receiving this largess have the greatest discretionary spending capacity, so that this act is also a colossal flaming of inflation. I wonder why Zoe was so passionate about this wealth transfer\u2026.Could it be related to the fact that her donor base consists chiefly of Silicon Valley elites?<\/p>\n<p>At an anecdotal level, I have heard many Democrat elites brag about how clever they were to take out unneeded student loans, since they knew much would be forgiven.<\/p>\n<p>The total wealth transfer amounts to hundred of billions, by the way. 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