With Student Debt Forgiveness, and Free College Elizabeth Warren Works to out Bernie Bernie
There is a new class traitor in town.
Elizabeth Warren has proposed a $1.25 trillion plan to forgive student debts and make all public college and university undergraduate education free, as well as earmarking $50B for historically Black colleges, and expanding federal grants to help pay for all students’ non-tuition expenses.
The plan will be funded through Warren’s proposed annual wealth tax on family fortunes over $50M (this will also fund expanded public housing and universal child care). The plan joins her other progressive policies, including lowering drug prices by producing pharmaceuticals under compulsory licenses; an antitrust breakup of Big Tech; abolishing the Electoral College; and a slate of farm reforms including a national Right to Repair rule for agricultural equipment.
I love me these class traitors.
I love what Warren is doing. Of course I am also a traitor to my class. I take great pride in it.
I’m waiting for a candidate to propose a Wealth Seizure Act. As of 2015, America’s 20 wealthiest people — a group that could fit comfortably in one single $70 million Gulfstream G650 luxury jet — owned more wealth than the bottom half of the American population combined, a total of 152 million people in 57 million households. I think we should seize half their wealth for redistribution. And we should do it to the richest 400 every year.
This would not only capitalize vast improvements in the lives of the majority of Americans, it would discourage rich people from trying to accumulate more wealth. Win-win.
I urge you to have your doctor check your Wellbutrin prescription.
I urge you to go fuck yourself with that lightbulb I prescribed.
Tommy. You’re making less and less sense. I’m worried.
You had me at wealth seizure
I like the concept of a wealth tax because it gets to the actual wealth. Dicking around with tax rates is nibbling at the margins because the truly wealthy do not have earned income of any real consequence. Carried interest charges and other such means of wealth would be taxed under Warrens plan.
I’m not her biggest fan, but with her proposed policies to lower drug prices, and even the minutiae regarding the right to repair farm equipment (kudos for her even knowing about that particular issue), she has started to grow on me.