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

[dozu888]

Why does Wall st have to pay for someone’s college loans?
Can any lefty here give a rational reason for that ridiculous proposal?

the dems have been hijacked by the extreme far left.. now these candidates just try 1-up over the other guys to see who is more to the left.... wouldn't matter though... any candidate will be completely destroyed by Trump.... look at the fund raising so far.

anyway - the dems really need to have some fresh thinking... I been saying - they should run on the technology platform... the thinking of taxing the rich to remedy the poor was valid when the pie was limited and there was only linear growth in the pie... in the next years/decades it's about AI revolution and unlimited abundance.... why does the wealth gap even matter? just make the pie unlimitedly big and everybody will have enough to eat.

the silicon valley is very left leaning, why is there no candidate running on this platform? - 'vote for me - here is the plan to ensure everybody will have enough - and you won't work anymore because the robots will do all the work'

 

[TreeFrogTrader]

the dems have been hijacked by the extreme far left.. now these candidates just try 1-up over the other guys to see who is more to the left.... wouldn't matter though... any candidate will be completely destroyed by Trump.... look at the fund raising so far.

anyway - the dems really need to have some fresh thinking... I been saying - they should run on the technology platform... the thinking of taxing the rich to remedy the poor was valid when the pie was limited and there was only linear growth in the pie... in the next years/decades it's about AI revolution and unlimited abundance.... why does the wealth gap even matter? just make the pie unlimitedly big and everybody will have enough to eat.

the silicon valley is very left leaning, why is there no candidate running on this platform? - 'vote for me - here is the plan to ensure everybody will have enough - and you won't work anymore because the robots will do all the work'

If dems start proposing a use-tax on Facebook, Twitter, and Google accounts - I bet their little tech elves would be getting together real fast for an emergency meeting to change some of their little algorithms which control which of their preferred candidates get the most viewer traffic.

 

[zdave83]

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.

 

[bone]

We should allow citizens to declare bankruptcy on private for-profit school loans arrears. And for schools whose credits are not transferable and were under State and Federal consumer complaint and ethics investigations I don’t think that for those instances that loan amount default should negatively impact the persons credit score.

Otherwise, student loan forgiveness is a bad idea for many reasons. First, the loans are voluntary. Second, college graduates have half the unemployment rate as those without a college degree. And finally, those with the loans can get them extended and refinanced in a variety of different ways that are much more accommodating and reasonable than any other loan I can think of.

 

[MKTrader]

And this is at a time when brick-and-mortar colleges are becoming less and less relevant and necessary--outside of a few areas like medicine, engineering, architecture, etc. Now people who previously had zero interest and little aptitude for college can get their Business, PE, or "Woke Warrior/Grievance Studies" degrees on the taxpayers' dime. Why go learn a trade when you can extend high school and have a 4-year tax-funded education?

 

[El OchoCinco]

Who is going to reimburse me for the $50,000 I paid to a Stanford coach to get my son in on a Curling team

 

[dozu888]

the dems have no agendas.. terrible.

 

[CoolTrader]

Sanders said he would raise the money to pay off the nation's student debt by adding a 0.5% tax on stock trades, or 50 cents on every $100 of stock, as well as a 0.1% fee for bond trades and a 0.005% fee on derivative trades. His campaign estimates the taxes would generate $2.4 trillion over a decade.
For derivatives, this tax is far more reasonable than the previously proposed 0.1% for all instruments to discourage high frequency trading.

 

[MKTrader]

Second, college graduates have half the unemployment rate as those without a college degree.

That may be true now, but the significance and "signaling power" of college degrees will really diminish if college becomes "free."

 

[MKTrader]

His campaign estimates the taxes would generate $2.4 trillion over a decade.

When's the last time an estimate like that has been close to accurate? What if people and firms simply trade less or find ways to generate fewer transactions with the same results? This is the stuff politicians never talk about...