Bernie Sanders is pushing for legislation that will pay for all 1.6 Trillion Dollars of the student debt in America. He plans to do this by taxing Wallstreet. AOC approves of this new plan, as she also has student loan debts, so of course, she commented about the proposal in a positive light. But is it really fair to tax Wallstreet, just because some people can’t pay for their debts? Conservative Commentator Katie Pavlich think it’s “not her responsibility.”
During a press conference, AOC commented about Sanders’ upcoming plan
“It was literally easier for me to become the youngest woman in American history elected to Congress than it is to pay off my student loan debt.”
She also talked about how she mentored a girl who took on a big student loan.
“I was mentoring this girl…all of her student aid was presented to her in the form of student loans and she came from a solid, middle-class family,” Ocasio-Cortez said. “She was not exceedingly wealthy. And so she got into her dream college, but her dream college offered her no scholarships, just loans. And she truly felt at 16, 17 years old, she felt that the decision of college was so important that she felt she needed to consider taking on $250k to go to college…I think that in and of itself illustrates the absurdity of our education financing system.”
Watch The Video Below.
"She got into her dream college but her dream college offered her no scholarships, just loans."
“Not my responsibility to pay for your “dream college.” Your dream, your choice, your debt. Not mine or anyone else’s. It’s called personal responsibility.”
Sanders’ Plan will tax Wallstreet cutting into the profit and potentially hurting retirement funds a bit.
“We will make a full and complete education a human right in America, to which all of our people are entitled,” Sanders said on Monday. “This means making public colleges, universities and HBCUs tuition-free and debt-free by tripling the work-study program, expanding Pell grants and other financial incentives.”
Sanders also talked about his detailed roadmap — centered on new taxes on Wall Street — to raise the $2.2 trillion dollars necessary to pay for this program and his other college funding plans. It will include a 0.5% tax on stock trades (or 50 cents for every $100 worth of stock), a 0.1% fee on bonds, and a 0.005% fee on derivatives. Sanders believes that could raise more than $2.4 trillion dollars over the next ten years.”
Pavlich makes a good point. The debt is supposed to be the responsibility of the person that accepts the money and has nothing to do with Wallstreet.