Sanders: Make Wall St. pay college tuition

[theoretic]

I'm saying the original premise of using transaction fees by private entitites to pay for others' choice of education is rather socialistic.

 

[Domingo Halliburton]

A financial transaction tax, or FTT, may reduce gross domestic product growth by 0.3pc to 2.4pc, according to the report, which examined published studies on the proposal.

The Council highlights the significant empirical evidence that suggests financial transaction taxes lead to lower liquidity, higher volatility, higher transaction costs, lower asset prices and a higher cost of capital—ultimately resulting in lower investment activity, job losses, and lower GDP growth.

this cost would reach around €4.4bn (£3.6bn), equivalent to a 0.2pc drop in GDP – despite the fact that the UK will not be implementing the tax.

 

[GetInTheTruck]

Populist garbage

 

[CACtain Planet]

delete

 

[CACtain Planet]

Institutions would just raise their tuition pricing, especially in Republican controlled states which is 30, to get more revenue from students

 

[DEAD7]

Institutions would just raise their tuition price to take advange

Why doesn't the left get this?

 

[CACtain Planet]

Why doesn't the left get this?

Many dont understand what "federalism" is within the context of state government responsibilities and taxes..Its unfortunate but very telling..just like when the Colileft got all in a tizzy when president obama proposed that free community college garbage

 

[Wild self]

I'm saying the original premise of using transaction fees by private entitites to pay for others' choice of education is rather socialistic. And it dillutes the value of "higher" education. At some point you'll need a PhD to differentiate yourself similar to how you need a bachelors at least now vs previously a diploma.

Its already here. People with masters degrees are being paid less than $30 per hour. That is criminal. The school system and the economy are scamming people.

 

[bnm8907]

Well if everyone can get into a university for free it further creates education inflation and good luck paying those professors

But wouldn't we have a smarter well educated working class/ society which is the main point right?


Listen I don't have the answer and I don't know if this is it but, I don't know how America is suppose to compete with other countries in future where college is free or heavilly subsidized.


Our kids are going to either going to rack up insane debt (that cripples them throughout life )or stop going to college.


Now granted college aint everything and you don't need it to build a business but for the most part having a well educated population where a college degree is the minimum is a good thing imo.
Smarter workers, more intelligent voters, consumers, and overall citizens. It needs to be done someway some how.

We can't let other countries continue to shyt on us from an education standpoint.

 

[Madvillain]

"education inflation" breh, what?
We keeping folks stupid for business' sake?

 

[R. Money]

We keeping folks stupid for business' sake?

Hells yeah. Peasant class ain't finna oppress itself.

 

[NkrumahWasRight Is Wrong]

http://www.thecoli.com/threads/how-about-a-financial-transaction-tax.183048/#post-7038092

Would this be a good idea finance/economic heads?

Ive been thinking about this a while, and did a little research. Ive heard varying proposals, but according to one source, even a tax of one half of one percent would amount to $350 billion dollars a year.

Im not a guru or anything on the matter, but Id assume that this could curtail speculation a bit in addition to providing much needed tax revenue to the gov't, which could use every penny they get.

http://www.cepr.net/documents/ftt-support.pdf

Yup. Joseph Stiglitz, Ralph Nader, Paul Volcker, Jeffrey Sachs, Warren Buffett, Paul Krugman, Angela Merkel, Sheila Bair...that's an A-1 list.

I know Europe has flirted with this idea but I think some argue it may actually hurt GDP.

I would be more in favor of banning high frequency trading.

Not sure about it directly going to education but we gotta do something to bring in more money. Worse ideas have been proposed.

 

[hashmander]

ok so those things would hurt GDP growth, but what impact on GDP would a more educated, less indebted population have on GDP growth? there would certainly be more businesses started and more homes purchased by those recent graduates. i think it would be a net gain, one area is hurt, but others grow.

 

[CHL]

Education should be free, but unfortunately this will never get far. It's damn good red meat, though. The debates when this comes up against the centrists

Free education would be such a smart investment in the short and long term

 

[Regular_P]

Institutions would just raise their tuition pricing, especially in Republican controlled states which is 30, to get more revenue from students

They're doing this anyway.