From Vox June 23:
Sen. Bernie Sanders’s proposal to make college free in the United States just got bigger: He wants to erase all student debt too. All $1.6 trillion of it.
The Vermont senator will unveil the most ambitious higher education plan in the Democratic 2020 presidential primary so far on Monday. The proposal would make two- and four-year public and tribal colleges and universities tuition-free and debt-free, and erase the roughly $1.6 trillion in student loan debt currently owed in the US, paid for by a tax on Wall Street.
Currently, about 45 million Americans have student loans. This would cancel debt for all of them — regardless of their income or assets. That’s a notable difference from Sen. Elizabeth Warren’s free college proposal, which also provides broad debt relief but caps it for households with incomes over $250,000.
Sanders is proposing funding streams to states, tribes, and historically black colleges and universities (HBCUs) to allow them to eliminate undergraduate tuition and fees. The bill would also increase spending on work-study programs and build up federal grant programs for low-income students for additional costs related to getting an education, from housing and transportation to buying books.
The proposal would cost $2.2 trillion over 10 years, which Sanders says would be paid for with his Wall Street tax. He proposed a Wall Street speculation tax in 2016, which would raise small levies on buying and selling stocks, bonds, and derivatives; many experts estimate it could raise hundreds of billions of dollars annually. Sanders’s office cited progressive economist Robert Pollin’s projection that the tax would bring in $2.4 trillion in revenues over 10 years.
From The New York Post February 22nd:
Democratic presidential hopefuls Sens. Kamala Harris and Elizabeth Warren said they both support reparations for African-Americans affected by slavery.
Asked about the matter last week on the 105.1 FM show “Breakfast Club,” Harris agreed with the host that reparations are necessary to address problems of “inequities.”
“America has a history of 200 years of slavery. We had Jim Crow. We had legal segregation in America for a very long time,” she said on the radio show. “We have got to recognize, back to that earlier point, people aren’t starting out on the same base in terms of their ability to succeed and so we have got to recognize that and give people a lift up.”
From Alexander Fraser Tytler, Lord Woodhouselee (15 October 1747 – 5 January 1813), who obviously understood a lot more than all three of these Democrat candidates for President: