Bernie Sanders wants to tax Wall St to pay for college. 1/2% tax on all trades

[GRULSTMRNN]

Just simply vote against this socialist pest. Unfortunately this almost means to vote for Trump 2020. So far I don't find a single democratic candidate remotely electable. They all completely lost their shit. Biden flip flopping on abortion was just the most recent nail in the coffin.

My wife and I funded our kids college education so they could start life without the burden of large college debt. Compared to our friends, we gave up vacations, more expensive cars, and a larger retirement fund.

So now tax payers going to reward people who engaged in reckless, unsustainable borrowing, with loan forgiveness. Ok, but ......

When do the families who sacrificed, acted responsibly, and "did the right thing" ... get reimbursed for those same kinds of college expenses ? I would like for someone who supports these kind of vote-buying giveaways to answer that question, with a real answer.

 

[GRULSTMRNN]

This essentially kills all retail intraday trading or do you score more than 1% on average per intraday stock trade?

This view isn't even a socialist view of Bernie's.

Wall Street should pay dearly considering they more or less help orchestrate the collapse that led to millennials in particular suffering one of the worst job droughts in the last century. They set back an entire generation with their horrible handling of the mortgage crisis and destroyed plenty of lives outside of millennials. They got away virtually unscathed (let's be honest a few billion in fines and ONE guy going to prison is far less scathed than a traffic ticket). The payment for their near destruction of the world economy should be in the TRILLIONS - this wouldn't even be enough. You are aware wall street has already securitized student loan debt right? These criminals have to be stopped before they bring us to the brink of economic collapse AGAIN. I'm not for a tax, I'd prefer bankruptcy discharge, but at least something is being talked about.



I see you are a a neocon charlatan. The deep right has been in the pockets of wall street and corporate interests forever. Since when did "for the people, by the people" become a leftist view? The only way to attack the criminal cabal known as wall street is via taxes or laws, unfortunately. They have proven time and time again to be invulnerable to prison sentences. So the system must be fundamentally altered so they can't have their cake and eat it too.

Something must be done to help people with this type of debt. Since people seem to not like the idea of allowing bankruptcy discharge of student loans (further punishing banks and wall street) this idea is the next best thing. You don't want to be around when the artificial floor holding 1 trillion dollars in student loan debt collapses. Student loan debt securitization, the fact it's eclipsing all other forms of debt at a record setting pace, and the unwillingness of old charlatans such as yourself to do ANYTHING other than bitch and moan about those damned avocado toast eating socialist millennials, will be a hot button issue for the next decade of elections.



While I agree bankruptcy discharge is the ideal solution - I disagree that extending the time solves the problem. Employment numbers are heavily manipulated - and employment (having a job) and gainful employment (having a job that supports your life) are two different things.


Millennials in particular are delaying major milestones in their life, and becoming less than half the consumer of previous generation. The facade of stability is going to collapse when boomers and gen X can no longer hold the economy up because, despite delaying loans, over half of millennials have almost nothing saved for retirement and in general are not consuming at anywhere near the rate of previous generations. If something isn't done (ideally, bankruptcy discharge to simultaneously punish both banks and wall street without additional tax), we are in for a world of hurt in less than two decades.

 

[Arnie]

Several of the Democratic Presidential candidates have proposed plans to eliminate or reduce student loan payments. What I have not heard is any plans to address the root problem - Why is a public college education so expensive, and increasing annually at a much faster rate than inflation? Perhaps we can start by reducing big time college sports (only 20 of 1083 colleges have a profitable sports program, with the average college losing $8 million per year); Stopping professors from changing 2 or 3 pages of their required text book every year so they can force every incoming student to buy the new revision at $150 per book, instead of buying a used copy.

And while we are at it, why do students majoring in fields that we have too many graduates (History, Art Appreciation, etc) getting the same amount of financial aid as those studying STEM fields that we desperately need more of?

A better question is why is it so easy for them to increase tuition and fees faster than inflation? Hint: It doesn't have anything to do with college sports.

 

[dozu888]

You stole his idea.

Andrew Yang

REUTERS/KC MCGINNIS
Yang in Iowa last year.
A former tech entrepreneur who started a nonprofit to promote startups, Yang entered the race Nov. 6, 2018 on essentially a single issue: protecting Americans from job-stealing robots. The son of Taiwanese immigrants, he sells himself as the opposite of Trump—an ego-free Asian man who likes math.

Age: 44 Years in politics: Less than one


Who gives him money: Individual contributors, some who donate in bitcoin. He’s also using some of his own money.

Biggest idea for the economy: A $1,000 monthly check sent to every American over 18, so they can pay their bills as robots take over jobs.

Interesting. Honestly I didn’t know about him until you and heavenskrow mentioned in this thread.

But yeah I think this is a great platform to run on. Income inequality is not the problem. Poverty is. (I did borrow this line from Ben Shapiro)

Taxing the rich to feed the poor is such a rotten old idea. Especially in this coming election when Trump has demonstrated that the way to go is to make the pie bigger.

Dems can actually out-trump Trump with technology. Sounds like a crazy idea but it can work. And it is the future anyways.

If the dems can succeed in doing something like this they can also earn their legitimacy back as a party for the people. Right now they got hijacked by the left extreme and has gone completely rogue and are just scraping the bottom of the barrel for every vote they can get. Illegal immigrants. Felons. Under18s. LGBTQ. Whatever.

 

[dozu888]

Just simply vote against this socialist pest. Unfortunately this almost means to vote for Trump 2020. So far I don't find a single democratic candidate remotely electable. They all completely lost their shit. Biden flip flopping on abortion was just the most recent nail in the coffin.

'completely lost their shit'.... can't put it more precisely.

Trump2020 that bad huh lol... I think instead of arguing about Trump so many different ways till the end of time... we do have the markets performing near all time highs and the returns from Nov 2016 has been stellar.... that should be enough to settle the arguments?

 

[Cuddles]

Why did the tax payers pay to bail out wallstreet?

 

[LS1Z28]

Why did the tax payers pay to bail out wallstreet?

https://projects.propublica.org/bailout/
Bailout scorecard:
Total outflow: $632.4B
Total inflow: $739.7B
Net profit: $107B

I'm fine with bailing out individuals with student loan debt as long they have to pay the money back and we're able to turn a profit on the investment over the next decade.

 

[bone]

Why did the tax payers pay to bail out wallstreet?

Why didn’t the Bank and Ratings Agencies executives get prosecuted?

 

[Cuddles]

https://projects.propublica.org/bailout/
Bailout scorecard:
Total outflow: $632.4B
Total inflow: $739.7B
Net profit: $107B

I'm fine with bailing out individuals with student loan debt as long they have to pay the money back and we're able to turn a profit on the investment over the next decade.

I'm fine with that as long as it's tracked though increased income tax from better positions as a result of higher education.

 

[murray t turtle]

Not to forget that the Green New Dealer/Climate Changers and the Slave Reparations folks have their eye on that financial transaction tax scheme to get their free stuff too.

Also, some of the dems are calling for a "New Marshall Plan" whereby the U.S. would improve the economies of every country between Texas and Tierra del Fuego at the tip of South America- and some African countries too- to reduce the need for immigrants to leave their own countries. I am guessing that will be another area where "the wealthy" (anyone making more than 50K a year) will be asked to give more.

Couple trillion here and a couple trillion there and pretty soon we are talking real money.

%%
Slave reps?????? Most likely never happen 'cause the Indians + 33% of blacks were slave holders + ALSO enslaved each other other., .And most small businesses work like slaves..........................................................................................