Bernie Sanders’ plan to take from the
poor and give to the rich
by
Editorial Board
Original Article
Posted By: mc squared,
6/26/2019 10:58:12 AM
In a weird twist on socialism, Bernie Sanders on Monday rolled out a plan to hand a $1.6 trillion gift to college-loan borrowers — who tend to be better off than the average taxpayer. He’d cancel all student debt, public and private — even for grad students and no matter the borrower’s income. Another $600 billion would go to make public universities and community colleges free. Sanders claims a tax on Wall Street transactions can raise $2.4 trillion to pay for it. But critics say the tax would lead to fewer trades — and generate far less revenue. Plus, many of those transactions are made on
Reply 1 - Posted by:
Clinger 6/26/2019 11:10:37 AM (No. 107159)
Funny I just checked my pocket constitution and I didn't see where I could force my neighbors to pay for my education.
I purchased one new car in my entire life and that was a 1979 model after the 1980's were already out. But I was blessed to have helped others purchase new cars while destroying the market for my next used one.
It's simply theft whether its stealing from the poor and giving to the rich or vice versa.
0 people like this.
Reply 2 - Posted by:
trackman999 6/26/2019 11:11:42 AM (No. 107162)
And after student debt is erased, do the same for mortgages and credit card debt. And car loans,
4 people like this.
Reply 3 - Posted by:
bad-hair 6/26/2019 11:29:42 AM (No. 107170)
Yes but the college grads with the good jobs are the ones who make campaign contributions so …
Dyslexia Occasionally-Cognizant likes the idea because at 180K she can't pay out her student loans. She says student loans are a scam and so Accidentally Occasionally-Cognizant is right for once. When Obama took the banks out of the picture (a fact that she has previously proved she is unaware of) any semblance of fiscal control went away. The colleges jacked up the tuition and guess who pays. Now Bernie wants WALL STREET to pay. They'll have to stop paying college grads too much to come up with the money. LMAO Good luck Bernie. You've got yours and when Tin Lizzie gets elected you will have to pay her wealth tax.
2 people like this.
Reply 4 - Posted by:
Deepthinker 6/26/2019 11:31:17 AM (No. 107174)
Isn't the forgiveness of a debt deemed to be taxable income by the IRS? With taxes 100% due within a year, when you file?
3 people like this.
Reply 5 - Posted by:
JunkYardDog 6/26/2019 11:38:22 AM (No. 107180)
BERNIE SANDERS IS A SMELLY OLD BUM WHO BELONGS IN A MUSEUM. He absolutely disgusts me whenever I hear or see him on the TV. He is a commisar wanna-be who desperately needs a taste of his own medicine. Can't wait to see how he is destroyed in the debates.
3 people like this.
Reply 6 - Posted by:
Chuzzles 6/26/2019 11:52:04 AM (No. 107198)
I disagree that transactions would diminish. However the brokers would pass on the transaction fees to their clients, and those clients would be hit with hundreds or maybe thousands of dollars in fees. How many pensions in this nation have at least some investments in WS? How many retirees are living off their WS investments right now? I know my own MIL is. How much money is Bernie going to steal from a sick old lady in an assisted care living center? Bernie is a lying bag of sewage, but this plan is a new low, even for him.
2 people like this.
Reply 7 - Posted by:
GoodDeal 6/26/2019 11:53:17 AM (No. 107200)
Bernie is the new age Robin Hood. Come on Man you can do better than this. Just add more in gas taxes plus a new federal vehicle registration fee and buy everyone a new car, with free insurance and gas. The possibilities are endless. You are on the verge of creating a totally perfect utopian society.
3 people like this.
Reply 8 - Posted by:
ARKfamily 6/26/2019 12:35:41 PM (No. 107236)
A lot of people have bought that Adolph Hitler was a right-winger. No, he belonged to the Socialist Party. Be very wary of socialism. . .
4 people like this.
Reply 9 - Posted by:
HotRod 6/26/2019 1:10:36 PM (No. 107279)
You folks are on to something! Write off ALL debt of any kind, including the National debt, and start over! All it takes is the stroke of a pen, according to the socialist/communist. Snowflakes would go for it, for sure!
/s/
1 person likes this.
Reply 10 - Posted by:
RenoVet68 6/26/2019 1:12:49 PM (No. 107284)
Glad to see "Weekend at Bernie's" is just about over. He's sinking in the poles. Dumb Commie.
2 people like this.
Reply 11 - Posted by:
paral04 6/26/2019 1:23:55 PM (No. 107299)
Brilliant. Chase all those trades to an offshore brokerage. Easy to get and trades executed online.
2 people like this.
Reply 12 - Posted by:
VAPMAN 6/26/2019 1:36:59 PM (No. 107315)
I like the idea from today’s American Spectator: Tax college endowments at 90%. There is a gold mine of a half a trillion dollars there waiting o be taxed. Take it from those rich 1%ers and give it to the up and coming 1%ers.
1 person likes this.
Reply 13 - Posted by:
bad-hair 6/26/2019 2:34:44 PM (No. 107366)
Sure thing #12 except it's just a half a trillion dollars. To paraphrase LBJ, " a billion here, a billion there, before you know it you're talking real money."
2 people like this.
Reply 14 - Posted by:
qr4j 6/26/2019 2:51:09 PM (No. 107378)
Taxing Wall Street transactions would hurt average Americans who have 401(k) accounts, would it not? Retirement funds invested in 401(k) accounts are invested in and traded on WALL STREET. So why should middle class Americans -- young or old -- have to pay the debts of young students? Get this? Old folks -- and those who are planning to be old folks one day -- are supposed to foot the bill for those who CHOSE to go into debt for an education the cannot use readily. WTF?!
And why should any of us have to prop up these public universities wither their DEFINED pension plans for employees? The universities are the ones who have been driving up costs. That drives up student debt. Students borrow more; universities charge more; so students borrow more. It is freaking nuts!
0 people like this.
Reply 15 - Posted by:
saguni 6/26/2019 4:17:16 PM (No. 107427)
The over-endowed universities should be forced to pay off 1) all loans to drop outs who couldn't finish college 2) all loans to students for classes that do not lead to employment. 3) Costs of STEM classes that were not completed in a timely manner.
If the university couldn't educate the students in an efficient manner, they are at fault and should bear the responsibility for selling a shoddy facsimile of an education.
Future education loans should on y apply on a course of study that will result in better employment opportunities. Sort of the principle that insurance pays for medical care, but not cosmetic procedures.
0 people like this.
Reply 16 - Posted by:
MickTurn 6/26/2019 5:37:43 PM (No. 107458)
The Democraps want to steal from the rich and give to the poor...less their 85% handling fee...
1 person likes this.
"There is no fool like an old fool" Bernie wants everyone to make $15 an hour. They all harp on nonsense like those poor children on the border. Not one, I mean not one politician, including the President, have ever expressed concern over the disabled and elderly earning less than $1000 a month on Social Security. Americans are punished for getting sick and applying for SS early. Think about how many unwed mothers and illegal mothers of anchor babies who receive $1200 in food assistance.
These politicians will say or do anything for a vote. Not to help US, but line their own pockets. It's sickening.
1 person likes this.
Reply 18 - Posted by:
anniebc 6/27/2019 9:30:40 PM (No. 108452)
Bernie's plan to take from everyone to give to himself.
1 person likes this.
Below, you will find ...
Most Recent Articles posted by "mc squared"
and
Most Active Articles (last 48 hours)
Comments:
Do the math. People who didn't go to college or have already paid for their schooling would now be paying for others' loans. It's called Communism.