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HitRed wrote:If your Ivy league's $52,000 per year is just a drop in the bucket for your parents look no further than Bernie Sanders. This populist wants to give them another break in life. Free college for all. Totally debt free! I love seeing someone give a huge boost to rich kids. Soon they will make $250,000+++ salary and plenty of benefits. That's my kind of populist. Go Bernie go!
mookiemcgee wrote:In all fairness, the rich and the poor would get free education... and it would be paid for only by the Uberrich.
I'm not in favor of this plan, but misrepresenting who the winners and losers are from this plan is worth addressing. The bigger fear I have that both Fox and CNN ignore is what this does to the stock/bond market. This would force a market crash in my view, and would likely lead to a recession. (sorry fake burn)
"To pay its estimated $2.2 trillion cost, its authors would impose a “Wall Street speculation tax” on financial investment transactions. "
Dukasaur wrote:mookiemcgee wrote:In all fairness, the rich and the poor would get free education... and it would be paid for only by the Uberrich.
I'm not in favor of this plan, but misrepresenting who the winners and losers are from this plan is worth addressing. The bigger fear I have that both Fox and CNN ignore is what this does to the stock/bond market. This would force a market crash in my view, and would likely lead to a recession. (sorry fake burn)
"To pay its estimated $2.2 trillion cost, its authors would impose a “Wall Street speculation tax” on financial investment transactions. "
Stock market crashes don't cause recessions. They can be harbingers of a recession, but not the cause.
mookiemcgee wrote:In all fairness, the rich and the poor would get free education... and it would be paid for only by the Uberrich.
I'm not in favor of this plan, but misrepresenting who the winners and losers are from this plan is worth addressing. The bigger fear I have that both Fox and CNN ignore is what this does to the stock/bond market. This would force a market crash in my view, and would likely lead to a recession. (sorry fake burn)
"To pay its estimated $2.2 trillion cost, its authors would impose a “Wall Street speculation tax” on financial investment transactions. "
mookiemcgee wrote:In all fairness, the rich and the poor would get free education... and it would be paid for only by the Uberrich.
I'm not in favor of this plan, but misrepresenting who the winners and losers are from this plan is worth addressing. The bigger fear I have that both Fox and CNN ignore is what this does to the stock/bond market. This would force a market crash in my view, and would likely lead to a recession. (sorry fake burn)
"To pay its estimated $2.2 trillion cost, its authors would impose a “Wall Street speculation tax” on financial investment transactions. "
GoranZ wrote:mookiemcgee wrote:In all fairness, the rich and the poor would get free education... and it would be paid for only by the Uberrich.
I'm not in favor of this plan, but misrepresenting who the winners and losers are from this plan is worth addressing. The bigger fear I have that both Fox and CNN ignore is what this does to the stock/bond market. This would force a market crash in my view, and would likely lead to a recession. (sorry fake burn)
"To pay its estimated $2.2 trillion cost, its authors would impose a “Wall Street speculation tax” on financial investment transactions. "
Investment in education never hurt any country in the world, ever. Why would US be any different?
And you didn't take into account the rise of productivity. More accessible education will lead to more educated people and this will lead to rise in productivity since those people will have more knowledge.
From my point of view half a percent tax is not some astronomically high figure so this proposal will hardly lead to recession. It could lead to progress tho.
HitRed wrote:So Universities won't have any money to pay the teachers? Will teachers be Federal Employees?
hotfire wrote:HitRed wrote:So Universities won't have any money to pay the teachers? Will teachers be Federal Employees?
Universities have professors. They are usually state employees unless they are from a private college.
NomadPatriot wrote:hotfire wrote:HitRed wrote:So Universities won't have any money to pay the teachers? Will teachers be Federal Employees?
Universities have professors. They are usually state employees unless they are from a private college.
hitred asks about federal, response is they are State..
so no Hitred.. they are not Federal Employees..
HitRed wrote:If your Ivy league's $52,000 per year is just a drop in the bucket for your parents look no further than Bernie Sanders. This populist wants to give them another break in life. Free college for all. Totally debt free! I love seeing someone give a huge boost to rich kids. Soon they will make $250,000+++ salary and plenty of benefits. That's my kind of populist. Go Bernie go!
Mr_Adams wrote:You, sir, are an idiot.
Timminz wrote:By that logic, you eat babies.
2dimes wrote:I think Duke and I should go on a nice Holliday in Uberrich. Sounds nice as long as it's not octoberfest, the place goes nuts then. I bet there is a few good schnitzel places there.
mookiemcgee wrote:GoranZ wrote:mookiemcgee wrote:In all fairness, the rich and the poor would get free education... and it would be paid for only by the Uberrich.
I'm not in favor of this plan, but misrepresenting who the winners and losers are from this plan is worth addressing. The bigger fear I have that both Fox and CNN ignore is what this does to the stock/bond market. This would force a market crash in my view, and would likely lead to a recession. (sorry fake burn)
"To pay its estimated $2.2 trillion cost, its authors would impose a “Wall Street speculation tax” on financial investment transactions. "
Investment in education never hurt any country in the world, ever. Why would US be any different?
And you didn't take into account the rise of productivity. More accessible education will lead to more educated people and this will lead to rise in productivity since those people will have more knowledge.
From my point of view half a percent tax is not some astronomically high figure so this proposal will hardly lead to recession. It could lead to progress tho.
I agree with all of this... long term it's great! Short term, not so much.
Forgiving existing debt does not immediately mean more people with degrees, or more productivity in the short term. These people with the debt already have their degrees and have made they way through the existing system already. Forgiving 2.2 trillion in debt is not the same thing as paying for future generations of students. Dropping a 2.2 trillion dollar tax on the markets over 6 months would in the short term be very painful... Why does this have to be retroactive? Students who have debt got into their situation of their own free will. I'd support making their loans interest free, or reducing them by significant %... but dropping them all to 0 overnight you think will help the economy in the short term?
Student Loan Debt Forgiveness: Who Pays
Sanders will fund his student loan forgiveness plan through a new tax on financial transactions, which he expects could raise more than $2 trillion over the next 10 years. The tax plan will include a 0.5% fee on all stock trades, a 0.1% fee on all bond trades and a 0.005% fee on all derivatives trades.
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