Robert F. Smith, who founded Vista Equity Partners and became the richest black man in America, said that he and his family would pay the Class of 2019’s debt.
Of course amid this interesting news which could serve as an interesting study group for students who will have had much of their debt wiped away:
Amid the worthy praise for Robert Smith’s gift, a bitter truth:
Smith has opposed closing the carried-interest loophole, which enriches his industry and may cost the government $18 billion a year. Closing it would raise enough to do 450 such gifts a year. https://t.co/tfHrEDnypG
— Anand Giridharadas (@AnandWrites) May 20, 2019