Clinton’s second proposal is that “for young innovators who decide to launch either new businesses that operate in distressed communities, or social enterprises that provide measurable social impact and benefit, she will offer forgiveness of up to $17,500 of their student loans after five years.”Let’s see how that would work. Government officials would first have to define “distressed community.” Perhaps they would define it as any ZIP code where average earnings are less than 150 percent of the poverty line. That means that a bunch of Stanford graduates with master’s degrees in computer science who work out of office space in a poor part of Oakland could get $17,500 loan forgiveness after five years — even if their company is being funded by venture capitalists. Why would we ever want that? If anything, this seems like a plan to speed up gentrification in Northern California.