cancel billions of dollars in student loan debt and make college cheaper for students going forward.With the presidential election scheduled in 2020 and with a gazillion politicians already claiming to run for chief executive, the whole kerfuffel is largely bullshit at the moment. Nevertheless -- and despite feminist and liberal caterwauling -- I like Warren's proposal ... a good idea that is highly unlikely to fly. Gouging 42 million people is a sport more popular even than politics. And taxing the ueber-wealthy? Forgeddaboutit.
Warren, in a post on the website Medium, proposed canceling $50,000 in student loan debt for anyone with annual household income under $100,000, which her campaign said would amount to 42 million Americans. It would also cancel some debt for those with household incomes between $100,000 and $250,000....
Anticipating Republican criticism that her proposal would be too expensive, Warren said her debt cancellation plan and universal free college could be paid for through an “Ultra-Millionaire Tax,” which would impose a 2 percent annual tax on families with $50 million or more in wealth.
Monday, April 22, 2019
attacking student debt
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