It’d be easier if Nancy Pelosi would grow a spine and start f**king impeachment proceedings. Imagine the precedent it sets if Trump gets away with this that the president is above the law and can do wtfever while in office.
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Which likely goes a long way toward explaining why they haven’t done away with pensions yet - it’s an incentive to move somewhere…not glamours.
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Oregon still has pensions for public employees, including educators.
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This is always an excellent question when presidential candidates who are currently legislators put programs on their platform that are technically already in their wheelhouse.
“According to our updated analysis of the Survey of Consumer Finances for 2016 (the best available data, though imperfect), the most affluent households—the top 25 percent of households with the highest earnings—held 34 percent of all outstanding education debt. The top 10 percent of households, with incomes of $173,000 or higher, held 11 percent of the debt.
…
These analyses, [consistent with other findings] suggest that debt forgiveness plans would be regressive—providing the largest monetary benefits to those with the highest incomes.”
Bernie must really love rich folks.
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That’s a very misleading chart as it fails to show the amount of debt.
Also Note.
I’m all for canceling the student loan debt for low income households.
Or for those who can ill afford to pay them back. (working poor)
Or for those that benefit society as a whole. (like teachers)
However, that’s not what Bernie is proposing.
The biggest gains for wiping out all student loan debt goes to the most affluent households.
My comment still holds true. Bernie must really love those rich white folks.
How many f-16’s equal everyone’s tuition?
My guess is 5
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Right or wrong, I like your math
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An opinion against this:
Alexander William Salter is an assistant business professor at Texas Tech University, a comparative economics research fellow at TTU’s Free Market Institute, and a fellow with the American Institute for Economic Research’s Sound Money Project. He wrote this column for The Dallas Morning News.
Cool, now we can make them pay their fair share of taxes.
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i watched the second of the debates last night.
on one side of this was andrew yang who would replace all government programs with $1000 a month per person. and immediately all prices would rise to compensate, erasing the value of that money.
on the other side was bernie sanders who’s plan would actually keep costs down because - as you say - government has the power to negotiate price in ways individuals cant. ( and fwiw would “let you keep your doctor” because everyone would be in the same program. )
in the middle were people who want to offer a public option. which pretty much guarantees not enough people will sign up to make the costs viable. would continue to keep good healthcare reserved for a small percentage of americans. and would likely force many who choose the public option to “lose their doctor”.
and yet, sanders didn’t do too well i think. he’s arguing on moral grounds - but he doesn’t try to counter the myths that people use to support the alternatives to single payer. many people think socialism is always bad because they still think capitalism is always good.
( and, different topic: given a clear moment to say something about racial justice he pivoted and talked about millionaires and the middle class. sigh do better bernie. )
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i don’t think that makes a lot of sense.
okay, so you cancel rich people’s college debt. but then you tax them bringing their net gain back down towards zero.
you use that money - which you are getting from the over their entire lifetime, not just the blip event of college - to cancel everyone elses debt.
so people on the low end of wealth get freedom from debt and no tax ( net win ), and people on the high end of wealth get freedom from debt and a tax ( net zero. )
i don’t get the rhetoric that a tax on wealthy people will somehow line their pocket books.
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It comes from the marketing department of the Third Way scumbags.
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Of relevance to this topic:
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