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You make no sense. This isn't about my perception, and it isn't about Wall Street speculation. Its the simple fact that many of Bernies supporters are young college age students, he is telling them that they have the potential to get free tuition that will be paid for by Wall Street. Nothing about this is due to "prejudices" on my end or "corporate media" narratives. These are simple facts. I never said the supporters don't understand where the money is coming from, my point is that its not coming from their own pocket so its free to them since they arent paying for it....thats the definition of free.
You have been saying in post after post that Sanders is "lying about giving away free College" and it would never happen "nothing is free" blah blah.
Now that you finally seem to understand the details and how it would be paid for you are changing your tune. The American people gave TRILLIONS to Wall Street via bailouts and Fed policies like quantitative easing. The "too big to fail" banks that nearly destroyed our economy are now bigger than ever before and control even more of our economy. Why wouldn't you support getting some of that money back to spend on something that would invest in our own country and people for a change?
Or are you a type of person that supports nationless corporations/banks being given Trillions of our US Dollar but goes into a fit of rage anytime it is suggested we do anything to help the American people? I say corporate media narrative because that is the exact rhetoric they spout. Somehow it is considered acceptable to waste TRILLIONS in the Middle East-much of it given to war profiteers, and spend TRILLIONS propping up corrupt and failed banks and corporations that aren't even concerned with the American worker or economy-but spending a fraction of that on our own people is "impossible". I'm guessing you've heard that on the corporately owned and controlled media.
You have been saying in post after post that Sanders is "lying about giving away free College" and it would never happen "nothing is free" blah blah.
Now that you finally seem to understand the details and how it would be paid for you are changing your tune. The American people gave TRILLIONS to Wall Street via bailouts and Fed policies like quantitative easing. The "too big to fail" banks that nearly destroyed our economy are now bigger than ever before and control even more of our economy. Why wouldn't you support getting some of that money back to spend on something that would invest in our own country and people for a change?
Or are you a type of person that supports nationless corporations/banks being given Trillions of our US Dollar but goes into a fit of rage anytime it is suggested we do anything to help the American people? I say corporate media narrative because that is the exact rhetoric they spout. Somehow it is considered acceptable to waste TRILLIONS in the Middle East-much of it given to war profiteers, and spend TRILLIONS propping up corrupt and failed banks and corporations that aren't even concerned with the American worker or economy-but spending a fraction of that on our own people is "impossible". I'm guessing you've heard that on the corporately owned and controlled media.
We have one local community college that has a 14% graduation rate. Of course you can argue that the graduation rate would improve if students did not have to worry about money. However, if students did not worry about money, more would go that would not attend because of financial reasons. But college is not for everybody; some student will never be college material and some would only attend to party their way to a sheep skin.
Then you have the problem of where are these new graduates going to work? Sanders has one of the worst records on immigration; he is basically an open borders politician and, at the same time, welcomes plenty of legal immigration. His record is giving other nations first pick at the jobs that our students would go to college to attain - so why waste that time and money?
Many of our states, cities and municipalities are in financial crisis. Most of that is because of public pension money. To provide even more pension money, for more educators, would be the straw that broke the camels back.
While you think that Wall Street will pay for everything: The rich have no loyalty; they will move money, buildings, offices, factories wherever they can to save one dollar. I believe, if you check Sanders' own calculations, he is not talking about raising trillions or does he really address the rising public pension money with his 'free' education. The bulk of the taxes would still fall on the shrinking middle-class.
I did not even toss in Sanders will for free medical and, of course, who do you think would benefit and who do you think would pay?
You have been saying in post after post that Sanders is "lying about giving away free College" and it would never happen "nothing is free" blah blah.
Now that you finally seem to understand the details and how it would be paid for you are changing your tune. The American people gave TRILLIONS to Wall Street via bailouts and Fed policies like quantitative easing. The "too big to fail" banks that nearly destroyed our economy are now bigger than ever before and control even more of our economy. Why wouldn't you support getting some of that money back to spend on something that would invest in our own country and people for a change?
Or are you a type of person that supports nationless corporations/banks being given Trillions of our US Dollar but goes into a fit of rage anytime it is suggested we do anything to help the American people? I say corporate media narrative because that is the exact rhetoric they spout. Somehow it is considered acceptable to waste TRILLIONS in the Middle East-much of it given to war profiteers, and spend TRILLIONS propping up corrupt and failed banks and corporations that aren't even concerned with the American worker or economy-but spending a fraction of that on our own people is "impossible". I'm guessing you've heard that on the corporately owned and controlled media.
100% incorrect. All along I've known and understood how he said he is going to pay for it, so don't give me this "finally you understand" garbage. Everything he wants to pay for is through taxes, thats not some highly complex political secret strategy or something, its a given. Its misrepresenting things to say I misunderstand where its coming from.
I completely disagree with the policy of "free tuition" as a way to solve our educational problems, but that has not been my point. My point is plain and simple, regardless of who is paying for it, its clearly not the students, so it IS free to them.
All of your other garbage about wars, the ME, nationless corporations and banks sound like rantings of someone being paid to post here, but its certainly not even close to what you are trying to paint me as. I was someone who never supported the Wall Street or auto industry bailouts. The "why wouldn't you support..." line is my favorite though, I love when people try to use misplaced sympathy to giveaway other peoples money in the misguided assumption that it actually fixes the underlying problems of these issues. It seems that most of our politicians just want to throw money at problems rather than trying to fix the structural issues that cause the products to become misaligned with market prices. Even worse than throwing money at it is throwing borrowed money at it which is why I won't support the majority of these things until we get our finances under better control as a country. We are trying to build on a broken foundation which is a recipe for disaster, disaster worse than we have already seen.
Transaction taxes have been tried before ... and have failed.
A study of the Swedish financial transaction tax in the 1980s showed that the negative impact financial transaction taxes had on the Swedish economy made it a poor revenue raiser.
In the 1980s, Sweden introduced a financial transactions tax. As expected, the tax reduced trade volume: “when the 2% tax was introduced in 1986, 60% of the trading volume of the 11 most actively traded Swedish share classes migrated to London to avoid taxes.”
Not only did this push down the amount of revenue the transaction tax itself raised, revenue from the capital gains tax also declined. As a result, overall tax revenue in Sweden declined. According to the same study: “the capital gains tax revenue fell so much in response to lower levels of trading that transaction tax revenues were entirely offset.”
Another fact being consistently ignored is how transaction taxes also affect every day people who have investments like 401k's and college investment accounts. Those taxes affect their accounts too ... not just nameless financial corporations. It's just one more way to involuntarily stick it to people who are successful in order to give to those in need.
Transaction taxes have been tried before ... and have failed.
A study of the Swedish financial transaction tax in the 1980s showed that the negative impact financial transaction taxes had on the Swedish economy made it a poor revenue raiser.
In the 1980s, Sweden introduced a financial transactions tax. As expected, the tax reduced trade volume: “when the 2% tax was introduced in 1986, 60% of the trading volume of the 11 most actively traded Swedish share classes migrated to London to avoid taxes.”
Not only did this push down the amount of revenue the transaction tax itself raised, revenue from the capital gains tax also declined. As a result, overall tax revenue in Sweden declined. According to the same study: “the capital gains tax revenue fell so much in response to lower levels of trading that transaction tax revenues were entirely offset.”
Another fact being consistently ignored is how transaction taxes also affect every day people who have investments like 401k's and college investment accounts. Those taxes affect their accounts too ... not just nameless financial corporations. It's just one more way to involuntarily stick it to people who are successful in order to give to those in need.
Agree here...I was just reading something the other day about how high frequency trading essentially allows ETFs to have been created and work. Take away ETFs or make them less viable and you destroy not only a ton of small investors both from a retirement and pre-tax savings perspective, but you also eliminate companies like Betterment and Wealthfront. So you make it harder for people to save/invest AND you kill some good paying jobs in the process.
The usual rebuttal is that the transaction tax won't affect everyday investors - just the brokerages. I laugh at such naivety. It will most certainly affect everyday investors. CNBC ran some numbers using a basic stock buy and came up with this:
A 0.5-percent tax may seem small, but when you take into account that investors pay an average of $84 to buy one share of an S&P 500 company's stock, this levy will actually amount to an average of 42 cents per share, paid by both buyers and sellers.
To calculate this charge on a per-trade basis, let's take the trading activity that took place on June 10, 2015 as a representative example. On that day, the Nasdaq had an average trade size of 158 shares, valued at $7,434.07. If the tax were in place, each buyer and seller would have been hit with a tax bill of $37.17 for the trade – four times greater than the $8.95 it would actually cost them to make the trade using discount brokerage Charles Schwab. For an industry that prides itself on reducing trading costs – the average retail commission charged per trade has fallen by $20 over the past decade – this tax basically rolls back the clock and eliminates many of the gains that have been made possible by market efficiency.
The transaction tax will also bruise college endowment funds quite a bit ... which will result in even higher tuition rates.
The proposed tax will apply to everyone in the trading ecosystem, including, ironically, the endowments that colleges and universities depend upon to fund their operations, financial aid and scholarships.
What a red herring.
YOu miss the essence of what he's about.
If Bernie Sanders had of been president in the early 2000's the U.S. would not have spent 4 - 6 trillion dollars !!!!!!!!!! on a war that has done so, so, so much more harm than good in both our country and the middle-east and actually the world (and the government doesn't even sufficiently take care of the vets!) and you mock Sanders for wanting to help kids go to school and get an education and provide everyone with health care!
Who is brainwashed?!!!! Good God!
That's just silly - did you read the thread? I don't "mock Sanders", I mock those who don't understand there is NO FREE. I said I admired Sanders (while I disagree with what he says) for "walking his talk".
I would admire him a lot more if he explained how the "Free college" actually works in those countries that do it (like Germany) - the education is "free", but the choice is not. Students start getting evaluations on aptitude at an early age and then they get "tracked" into the lane that the Government will pick for them - some into University & Professional life (even then the Government will pick what they will study and what job they will do) or into a Trade of some sort.
You are correct about Bernie & War -- he is anti-war (always has been in every case) and pretty much an Isolationist. He has zero Foreign Policy advisors, has always avoided any Committees that even got close to anything "Foreign" and has nobody on his Campaign staff that even deals with Foreign Policy. Bernie is a Socialist, he has never been a Democrat and will never be a Democrat - that's his history, his present & will be his future. That's not a slam at him, it's even a compliment because he is open about it. Bernie Sanders is consistent - on any given day, he would rather talk about Wall Street profits & his Anti-Capitalism than about anything else. He has only one dimension -- the real problem with that is that he is applying for a JOB that is very, very Multi-dimensional.
Bernie Sanders gave up all his former "Foreign Policy" work (he once claimed to have the only small town with a Foreign Policy) when he entered Congress. As mayor of Burlington, Vermont, in the 1980s, Sanders boasted that the city had its own "foreign policy" and his travels to places like Nicaragua, Cuba and the Soviet Union drew complaints that he was distracted from local issues. "I saw no magic line separating local, state, national and international issues," Sanders said at the time.
For those who don't remember - those were Communist Countries at the time and the USA & those Communist Parties were involved in a long Cold War. It may seem like a joke now to those who didn't live those times, but it was no joke to most of the Country and most of the World.
Bernie Sanders has Always Walked his Talk - he was traveling to Socialist & Communist Countries and open about it. He hasn't "changed" - he is what he is.
Transaction taxes have been tried before ... and have failed.
A study of the Swedish financial transaction tax in the 1980s showed that the negative impact financial transaction taxes had on the Swedish economy made it a poor revenue raiser.
In the 1980s, Sweden introduced a financial transactions tax. As expected, the tax reduced trade volume: “when the 2% tax was introduced in 1986, 60% of the trading volume of the 11 most actively traded Swedish share classes migrated to London to avoid taxes.”
Not only did this push down the amount of revenue the transaction tax itself raised, revenue from the capital gains tax also declined. As a result, overall tax revenue in Sweden declined. According to the same study: “the capital gains tax revenue fell so much in response to lower levels of trading that transaction tax revenues were entirely offset.”
Another fact being consistently ignored is how transaction taxes also affect every day people who have investments like 401k's and college investment accounts. Those taxes affect their accounts too ... not just nameless financial corporations. It's just one more way to involuntarily stick it to people who are successful in order to give to those in need.
Which is why Clinton Democrats tend to be older and more affluent. They understand the risk of Bernie's 'wall street speculation'.
I'd argue that while I don't entirely agree with Bernie's college for all, he is the closest to the ideal situation, Obama's plan. Even Hillary is the Republican camp of loans.
I am not establishment but I fear for a world in which we have to refer to Donald Trump as President Trump. Why, because he is a corporatist and a globalist and yet Trump supporters are either ignorant to this or worse too stupid to realize this. They are drawn to the whole let down by Washington rhetoric and a number of Trump supporters (even on here) do think he can get rid of the illegals, cut off the Syrian refugees and ban Muslims coming in and build the wall like no other candidate can do. Remember the bully pulpit can only do so much. Many of Trump's promises wont come true and those who are blind enough to follow him and fully believe him will be entirely let down.
Yeah. I'm sorry but it's true. They don't realize the degree to which he's not really on the "little guys" side. Not at all. And some are ignorant and some are too lacking in intelligence to realize what's the h is going on.
It's not like trump isn't part of the establishment. He is.
He's just not part of the political establishment.
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