- Bernie's Wall street transaction tax failed in every country it has been tried in, only raising perhaps 3% of projected revenue while sending industry overseas in the process
Oh you mean that time it failed in the United States when we had it up until the 60s deregulation? During the greatest period of economic expansion in US history? The reason it didn't work in Europe is because European markets don't really matter, to be completely honest. It is hundreds of times easier for companies to move from Europe than to move from the US markets. Take ford for example. Most countries (including the US) have requirements that only citizens can trade on domestic markets. Ford is a US company. Employees are provided stock plans. Because of that, Ford can't move markets, because Ford can't afford to buy all of its employees shares, and all the shares held by individual US citizens (which is what they would have to do if they wanted to move to say the Japanese Nikkei Index).
- It doesnt lower the cost of college which is the actual issue. The cost needs to be lowered, not transferred from one person to the next.
I agree and disagree. I agree the cost should be lowered, but I find it fundamentally ridiculous that we have to use our own money to pay to learn how to do a job. That's just insane to me. Imagine a job where you got hired, and now after you just got hired you need to pay your employer $1,000+ a month for your employer to teach you how to do your job. Then once you've learned, now your employer will start paying you. That is essentially what we are doing with college. Paying out of pocket for what is supposed to be job training. Imagine if the US military charged soldiers to go through boot camp. Don't you think that would impact recruitment?