The Nation: A 1% Tax on Concentrated Wealth Would Bring Cost of Public College to Zero:

[amborin]

A 1 percent tax on concentrated wealth would erase student debt over a decade and bring the cost of public higher education to zero.

By Sarah Anderson, Marc Bayard, John Cavanagh, Chuck Collins, Josh Hoxie and Sam Pizzigati

February 18, 2016

These authors explain how Bernie Sanders’ goal of free public college can be implemented:

Higher education has become a debt sentence for millions of Americans, limiting economic mobility and contributing to our growing economic divide. Student debt now tops $1.3 trillion, and the burden weighs heaviest on black and Latino students. Young, low-income African-American families are twice as likely to have student debt as their white counterparts.

Our current debt explosion has coincided with the increasing concentration of wealth in America. The super-rich are shielding their financial fortunes from taxation, an unfair dynamic that leaves public revenues depleted.…..

Tuition-free public higher education, funded by a tax on concentrated wealth, could end the college debt spiral. The cost of making public colleges tuition-free would be significant—about $76 billion per year. But the potential revenue from even just a modest wealth tax would also be significant.

Taxing the wealth of our richest 1 percent at a mere 1 percent would raise some $260 billion annually—enough to cover the cost of tuition for any student interested in attending a public college or university and eliminate all existing student debt over a 10-year period.

This is one step toward addressing the ever-widening wealth gap in the U.S.

More information at the link:

http://www.thenation.com/article/want-debt-free-college-tax-the-rich/

[Politicalboi]

1. Where's the "can't" lady

We need more good news like this before March 1st. SC is basically lost due to lack of progressives, and high pandering.

[amborin]

2. kicking

[AzDar]

3. K & R