Bernie Sanders press conference live stream: plans to erase student debt by taxing Wall Street

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  • Published on:  Monday, June 24, 2019
  • Senator Bernie Sanders said he has a plan to wipe out the $1.6 trillion in student debt owed by more than 40 million Americans: tax Wall Street transactions such as stock and bond trades. For further details: https://www.cbsnews.com/news/bernie-sanders-student-debt-plan-wants-would-erase-college-loans-by-taxing-wall-street/

    The proposal is the latest from a Democratic presidential candidate that aims to tackle the growing problem of student debt, which has been blamed for blunting the economic prospects of million of Americans. Sen. Elizabeth Warren, Sanders' rival for the 2020 Democratic presidential nomination, in April issued a plan to forgive student debt for college grads by adding an annual 2 percent tax on wealth above $50 million and a 1 percent tax on wealth more than $1 billion.

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  • Source: https://youtu.be/Dxd8NW_yeUU
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  • R. Forrest Blount

    R. Forrest Blount

     3 months ago

    There are billions of share transactions on Wall Street each year. Taking a very small piece of each transaction to eliminate student debt is an excellent idea. This is exactly how Wall Street makes its enormous profits. Wall Street takes a small piece of each transaction it is involved in. Financiers, in general, take a small piece of each debt transaction, of which there are countless due to stagnant wages forcing families to use debt to finance core living expenses (housing, transportation, higher education, healthcare expenses, etc). The debt industry sees an opportunity and is exploiting it to the hilt to the detriment of working families with low, stagnant wages. Keep wages low. Raise prices. Sell debt products. There is no way out for families.


    Eliminating student debt this way is a great idea.

  • susan

    susan

     3 months ago

    CBS, Twitter,Facebook google YouTube censorship trash

  • Robert Tanga

    Robert Tanga

     3 months ago

    Check Bernie's wife's activities see what she did to the collar she work for

  • Robert Tanga

    Robert Tanga

     3 months ago

    He cares nothing about the middle class he's such a bum that even in his hippie commune he was kicked out for being lazy then he says the mean Millionaires and billionaires well Bernie you're a millionaire but I see you're the only good millionaire hypocrite

  • Kit Cat

    Kit Cat

     3 months ago

    Local two year colleges for plumbers, electrician, auto mechanic, nurses, radiology, is the way to go. They start out at $35 to $44k per year in my area and no loans required, lottery scholarship, low tuition cost makes it the smart choice.

  • Realist Reset

    Realist Reset

     3 months ago +1

    Does this mean that everyone who paid their student loans in part or in full get massive refunds?
    Does this also mean that people who paid their way through school are entitled to the full cost they paid on higher education with interest and some of their living expenses like rent and transportation?
    Sounds like punishing people for paying their debts or making generally sound financial decisions if he doesn't.
    And what happens next? We just get the taxpayer to pay the full cost of an unemployable degree like gender studies?
    Bernie wants to make college graduates a privileged minority become net pay recipients, no more no less.

  • jason salo

    jason salo

     3 months ago +1

    I see what you have planned I don't agree on the scale on which you wish do this This can be very problematic Dial it back and you can have my vote We have seen similar promises With unreasonably price tags attached

  • FTW666 COVFEFE

    FTW666 COVFEFE

     3 months ago +1

    Bernie sell your 3 mansions to pay for our free healthcare

  • Wretch Gunk

    Wretch Gunk

     3 months ago

    Corporate news is terrified of Bernie, because he's real

  • F

    F

     3 months ago

    I will be impressed if Bernie provides ideas to curb government spending. Everything he’s proposed costs trillions. Everyone can spend, that’s easy.

  • ms fe

    ms fe

     3 months ago +1

    This is extraordinary - this will help the entire economy! #Bernie2020❤❤❤👏👏👏

  • Eric

    Eric

     3 months ago

    Facts Bern

  • The Fathers' Rights Movement -TFRM

    The Fathers' Rights Movement -TFRM

     3 months ago

    Anyone know Bernie’s views on Family Court reform?

  • Doppler Overrun

    Doppler Overrun

     3 months ago +3

    Paid off my student loans. Do i get reparations?

  • flashfloodarea3

    flashfloodarea3

     3 months ago +2

    Absolutely! Bernie2020!!

  • Commercial Communication

    Commercial Communication

     3 months ago

    All call for: "16 YEARS OF PUBLIC EDUCATION (INSTEAD OF 12)!" -----'"16 INSTEAD OF 12!"

  • Đeath Vader

    Đeath Vader

     3 months ago +2

    I change my vote! Bernie 2020!

  • Adrienna

    Adrienna

     3 months ago +2

    Wow Senator Sanders name will go down in history to make such a thing happen.

  • THEY

    THEY

     3 months ago

    It's actually a great plan. The IRS will have a field day collecting all that extra tax revenue. Oh, you didn't know? Debt forgiveness = income. I don't need an economics degree to know that one. They will get their money one way or another.

  • Timothy Edgin

    Timothy Edgin

     3 months ago +1

    This is the only genuine leftist in the election, and I would support him over Trump just to see student loans wiped out. College cost would plummet, and useless colleges would close while community colleges take over the actual job training necessary for a functioning society.