Bernie Sanders again proposes ‘free’ college funded by new tax on investors

Sen. Bernie Sanders

Vermont Sen. Bernie Sanders introduced a bill on April 21 to hand out free college educations, and proposes looting “Wall Street transactions” to pay for the massive entitlement.

Sanders’ scheme, which he has introduced for years in various forms, makes college tuition completely free for families earning less than $125,000 per year, reports The tax on investment transactions that would pay for it would supposedly bring in $2.4 trillion in ten years.

Those who have already had to pay for outrageously expensive college degrees are presumably out of luck

“In the wealthiest country in the history of the world, a higher education should be a right for all, not a privilege for the few,” Sanders, a Vermont Independent, said in a statement.

“If we are going to have the kind of standard of living that the American people deserve, we need to have the best educated workforce in the world. It is absolutely unacceptable that hundreds of thousands of bright young Americans do not get a higher education each year, not because they are unqualified, but because their family does not have enough money.”

To pay for the new benefit, the bill proposes what its liberal-lawmaker backers term the “Tax on Wall Street Speculation Act.”

Sanders tweeted Wednesday afternoon: “I happen to believe that getting an education should not leave you in crippling debt for decades.”

So don’t make college cheaper. Just add the costs to the government’s crippling debt.

Sanders, who calls himself a Democratic Socialist, helped push the Democratic field to the left during ultimately unsuccessful 2016 and 2020 campaigns that were fueled by appeals to younger voters with less awareness of the real world.


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