Bernie Sanders is at it again, again.
Today's latest plan is to "cancel" $1.6 trillion of student loan debt. How does he plan to pay for this debt cancellation? With a tax on Wall Street speculation.
Using the millennial's hatred for wall street is an amazing tactic for Bernie. If there's one thing he's good at, it's salesmanship. This is a clear move to buy votes in the primary election. Sanders' has already been running close in the polls to Joe Biden, and he's been looking for something to push him over the top. Why not just literally buy the votes of thousands of people who are still paying off their student loan debt?
I've gone pretty far into how bad this plan would be for our economy in another article. You can go into the numbers details in that article here. Just as a quick reference, a .5% tax on stock trades could reduce your potential retirement by 39%. "Aggressive/risky" trading is what funds use to balance their portfolios against their safe investments. A tax on aggressive trading will lower the amount of risky trades companies are willing to take, lowering the average gain on your account every year.
read the full article at
goodmoruningliberty.us
bernielies.com
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