Here’s a thought; you owe $100k in student loans. They get canceled. The IRS regards this as imputed income and sends you a bill for taxes.
That needs to change pronto. It is the sort of detail to which competent legislators would pay attention, as they revised the laws about student loans and made them, once again, fully dischargeable in bankruptcy proceedings.
But our legislators are mostly a gang of thieves and have no interest in fixing these problems.