Bernie Sanders' Bold, New Plan May Have Just Locked Down the Millennial Vote

[kenfrequed]

54. This transaction tax helps on both fronts.

You will get no argument from me on capital gains tax increases. This tax actually is more effective than that because the wealthy cannoth hide from it and it punishes the kind of excessive speculation that puts the economy at risk.

The vast, overwhelming majority of people cannot afford to "play it forward" with regards to raising college funds. For one thing they are kids and we shouldn't be asking them all to get jobs while they are in high school. This isn't much different from the former Governor of Minnesota who said "If you are smart enough to go to college then you are smart enough to pay for it."

In any case the cost of tuition has gone up like gangbusters over the last thirty years or so. It has completely outpaced the rate of inflation while we have built up the loan industry for the banks to make more money on. We used to spend more money on grants for college (when adjusted for inflation) now we are garaunteeing returns for moneylenders in suits.