2016 Postmortem
In reply to the discussion: Sanders Campaign Calls Out Hillary's College Plan: 'Disappointment' [View all]cascadiance
(19,537 posts)... since in reality he's proposing paying for it with a financial transaction tax on Wall Street transactions. This transaction tax will be next to nothing for legitimate trading on Wall Street that most investors do where they aren't doing high volume speculative trades that have been used by Wall Street firms to drive up and drive down prices through high volume computerized trading which has the goal of driving certain stocks up or down at any one moment. This sort of speculative trading only helps insiders and the firms that manipulate that with investment houses doing analysis on firms, etc. and mostly hurts average investors. Even firms handling 401k plans, etc. are likely hurt more than they are helped by the speculative trading that goes on now.
We used to have this boiled in to all stock trades before the computer era and it really didn't hurt funds, etc. then either. It was stopped around the sixties because it was making too much money then, and they didn't need the extra funds to fund infrastructure payments, etc. that it was allocated for earlier.
Now, having it fund college educations, and perhaps even at some point helping to pay older college debt makes a lot of sense.
And Sanders has it right in making all public college institutions have this option for students, so that those students who might not be able to afford it, but who have the qualifications to be a part of many universities outside of the community college systems should be able to do so, both to help them, and to help society in general be able to profit from their participation in research and perhaps even be put in line for higher graduate programs later that they should be a part of to help drive the research capacity of our college institutions which have been leaders in the world.
I like the added freedom his plan provides of giving newer students more choices, and paying for it by means that limits the uber-wealthy's means to game the system for themselves. And this should help POC that much more who tend to be in the financial strata where more of them are qualified but less able to afford such education.