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Old 08-10-2015, 03:48 PM
 
Location: US
17,930 posts, read 17,851,499 times
Reputation: 13933

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How would he pay for this?

The unions are bleeding the system dry, there are retired school officials with $200,000+ pensions for the rest of their life. Universities and colleges are cutting class even though there are record number of students because they can't afford it. Many students aren't able to graduate in four years because they can't get all the classes they need in time. Meanwhile, schools are increasing tuition to record levels and they are still have budget shortfalls.

How would he pay for this giant promise because we are talking about trillions of dollars here, simply taxing the rich would barely pay for a fraction of the cost, so how does he intend to pay for this on top of his free universal healthcare initiative too along with all the other things he is promising?
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Old 08-10-2015, 07:04 PM
 
325 posts, read 201,540 times
Reputation: 434
Quote:
Originally Posted by bmw335xi View Post
How would he pay for this?

The unions are bleeding the system dry, there are retired school officials with $200,000+ pensions for the rest of their life. Universities and colleges are cutting class even though there are record number of students because they can't afford it. Many students aren't able to graduate in four years because they can't get all the classes they need in time. Meanwhile, schools are increasing tuition to record levels and they are still have budget shortfalls.

How would he pay for this giant promise because we are talking about trillions of dollars here, simply taxing the rich would barely pay for a fraction of the cost, so how does he intend to pay for this on top of his free universal healthcare initiative too along with all the other things he is promising?
Wow. You are really brainwashed. There is no public pension which pays 100% of highest salary. I personally have never heard of any publicly employed teacher being anywhere near 200k per year. I ran the numbers. Of the 1.6 trillion dollar healthcare industry, we are already paying 1.2 billion of it. 836 Billion
from Medicare, and about 523 billion, IIRC, from state Medicaid. Absorbing the outstanding balance would be easy, and may even create a net gain once private Part D insurance is eliminated, and drug costs are negotiated.
The financials behind the college is even easier. We already offer 5400 per student in Pell Grants. We guarantee many bad loans. This comes to around 8000 per student per year we are already paying. Using the university system for research can also generate additional revenues, and sports programs will still be a huge earner. It is indeed a workable solution, and it will actualy, if done right, present a net savings over the current pimped out for profit system.
Perhaps before writing such panic stricken hogwash, you should learn how the system is designed to work, audit where the money is going, and compare total cost vs revenue.
Then deduct the built in mechanisms to write in profits for the financial sector. We're all better off not paying the interest. Only ones who get screwed are the Wall Street boys who make money by having money and keeping everyone else broke so that you have to BORROW!
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Old 08-10-2015, 07:54 PM
 
79,240 posts, read 33,633,098 times
Reputation: 15853
When things like this are discussed they generally are short on specifics. At this point most aren't as concerned with every specific position but rather that someone is interested in doing it.

Personally I'd consider it in steps. The first steps would be to address the cost side. The simple fact is salaries in some cases will have to come down. That is the trade off you make for being publicly financed.

Things like Sabbaticals will be done away with. I'm not interested in paying you to not work. The problem then becomes the professors then become not interested in this idea.

Another area would be no more spending $700 a semester on books that quickly become outdated. You get a kindle and pay a small subscription fee to access the books online. When the subject needs updated a quick change becomes inexpensive.

So, if we started here I'd listen. I don't see it happening. Does that turn me against Sanders? No, its a better conversation than the one we are going to have about how to keep the markets inflated.
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Old 08-10-2015, 08:59 PM
 
Location: Utah
546 posts, read 325,481 times
Reputation: 674
It was massive subsidization of college in the first place that caused its precipitous rise in costs. Making it "free" won't help with that.
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Old 08-10-2015, 09:30 PM
 
12,842 posts, read 4,649,849 times
Reputation: 5213
Quote:
Originally Posted by bmw335xi View Post
How would he pay for this?
He has stated that. By a financial transactions tax on Wall Street.

A Wall Street Transaction Tax Would Be Good for the Economy and the Budget - US News
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Old 08-10-2015, 09:45 PM
 
79,240 posts, read 33,633,098 times
Reputation: 15853
Quote:
Originally Posted by PCALMike View Post
He has stated that. By a financial transactions tax on Wall Street.

A Wall Street Transaction Tax Would Be Good for the Economy and the Budget - US News
It would be nice to see the middle and lower classes get some of their money back.
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Old 08-11-2015, 10:53 AM
 
325 posts, read 201,540 times
Reputation: 434
I saw a comment recently that stated "Republicans want to help poor people build wealth by reducing the amount of taxes you pay."
I was speechless. This from the same ones who shout about 49% of Americans not paying taxes.
So let's analyze this. Republicans want to build the wealth of poor people, who don't make enough money to pay taxes, by lowering taxes, thus enabling the poor to build wealth by not paying taxes?
Here is the math for those who can't quite get it...

https://www.youtube.com/watch?v=hjzkG_QeJfA
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Old 08-11-2015, 10:57 AM
 
325 posts, read 201,540 times
Reputation: 434
I saw a comment recently that stated "Republicans want to help poor people build wealth by reducing the amount of taxes you pay."
I was speechless. This from the same ones who shout about 49% of Americans not paying taxes.
So let's analyze this. Republicans want to build the wealth of poor people, who don't make enough money to pay taxes, by lowering taxes, thus enabling the poor to build wealth by not paying taxes?
Here is the math for those who can't quite get it...


https://www.youtube.com/watch?v=hjzkG_QeJfA
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Old 08-11-2015, 11:05 AM
 
25,882 posts, read 39,178,572 times
Reputation: 13870
Socialism never worked as it runs out of other peoples money.

Just check how much Bernie Sanders has given to charity and you probably will not be shocked when it is as low as the Clintons when you compare it as a percentage of their income.

The same counted for Obama!
Quote:
Originally Posted by bmw335xi View Post
How would he pay for this?

The unions are bleeding the system dry, there are retired school officials with $200,000+ pensions for the rest of their life. Universities and colleges are cutting class even though there are record number of students because they can't afford it. Many students aren't able to graduate in four years because they can't get all the classes they need in time. Meanwhile, schools are increasing tuition to record levels and they are still have budget shortfalls.

How would he pay for this giant promise because we are talking about trillions of dollars here, simply taxing the rich would barely pay for a fraction of the cost, so how does he intend to pay for this on top of his free universal healthcare initiative too along with all the other things he is promising?
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Old 08-11-2015, 11:09 AM
 
12,639 posts, read 7,318,821 times
Reputation: 7449
The same way they pay for everything - to tax "the rich."

Of course, "the rich" really means working class and middle class American families. That's where socialists like Sanders always get the dough to finance their dreams of government-run everything.
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