Biden’s Plan to Punish the Responsible

On the menu today: President Biden is on the verge of rewriting a longstanding social contract by deciding that taxpayers should repay significant portions of student loans, instead of the borrowers who took out those loans and received the education. The biggest beneficiaries would be white Americans under the age of 40 who have graduate degrees and live in high-income, majority-white neighborhoods — in other words, extremely online Democrats. Biden’s Hail Mary pass for the coming midterms is a massive wealth transfer from taxpayers to the Democratic Party’s activist class,...