Will taxing the rich really be able to fund everything Democrats promise?

An essay by Jonathon Haidt on economic morality. It was written in 2013, how’d he do?

He’s a smart dude.

I don’t think people can actually grasp just how wealthy the “wealthy” really are. Meaning the 1% at the top. Mansions with 20 rooms for 2 people, dozens of cars that cost $500,000 a piece, etc. etc. If they pay 10% of their wealth in taxes they won’t miss it - what’s one car when you’ve got 24? - so why the hell not.

And there we have it.

It had nothing to do with anything as far as I can tell.

What is?

Free!!! Free!!! Free!!! Everything is for Free!!!

It’s the Socialist Agenda finally maybe coming through?

I say if taxing the wealthy doesn’t work that we should just print more money
like Obama and the Democratic Politicians did, and deface the value
of the American dollar.

Than again, when Politicians are rich, and could care less about a mere
dollar, why would it matter to Democratic politicians if they deface the American
dollar, and they can have their money simply in another country? lol.

I double checked that source you provided and it does state that the total number of students is slightly over 20 million. Ito also provides a number of different categories under revenues, so that is a factor there. The bottom line is that it depends upon what number of students are we talking about and what is the amount proposed for each student? Do the math yourself, 70 billion is only $3,500/student. The way it is now for most of the students I know are looking at spending anywhere between $20,000 and $60,000 per year. Also does that study include trade schools? I just don’t see how 70 billion would be enough?

I’m talking public institutions. Why would we spend public money on private institutions?

And the report shows that $75 billion was the total of ALL TUITION AND FEES paid to public institutions. That is the total that students actually paid to ALL public institutions. Doesn’t matter how you don’t see that would be enough. That’s the actual cost of tuition. That’s what could be covered.

The Republicans have shown the way! We can just borrow the money to pay for these programs. Deficits don’t matter.

Okay my mistake, I was looking at all students both public and private. Alright I double checked the math, so what they are saying that on average students and their families are paying $5,159 per year in tuition costs (that is the roughly 75 billion number divided by the number of students)? So of the over 305 billion dollar in expenses they list only 75 billion of that is covered by a persons out of pocket tuition?

The thing is I don’t know anybody in NJ who is only paying $5,159 per year on tuition unless they got a significant financial scholarship or are in a Community College. Tuition at Rutgers for example is over $14,000 per year. Your out in Texas, correct? What is the tuition at one of your big state universities?

According to this source there are over 11 million children in childcare in the US:

And the average cost is between $9,000-$9,600 per year:

11 million x 9,300 is over 102 billion dollars. The math does’t seem to add up?

Sure and you can keep your doctor. Prices will fall etc…

If you study Norway etc, they tax the poor and middle class because that’s where the majority of the money is…

I read a figure that said the average debt for graduating (bachelors) students was in the $30K range for their 4 years.

That is the figure I have heard as well, I got this online for example: “The average student debt in the United States is *$32,731*”

My experience is different being from NJ. Many of the students from my old school would go out of state (which from a financial perspective is stupid) and hence raise their cost by 15-20 grand. I know with many of my students their parents would pay at least some or most of the costs and the students would borrow the rest. Even that number ($30,000) is about $10,000 more cited per student than that 75 billion estimate.

I don’t disagree with that. Personally I don’t oppose raising the marginal tax rates or increasing the tax rates on passive forms of income as well.

it will fund everything after the purges eliminate the non believers

I had the benefit of the GI bill so I never took out a student loan. I can only imagine the pressure that puts on both students and graduates.

I went to a community (2 year) college in SoCal for a semester before joining the service. The most expensive part were the books. Tuition was reasonable as I recall. I have no idea what the same education costs today.

I don’t think that’s right. They are talking about the top one percent of incomes, not wealth and assets.

And I kept my doctor.

How do the rich make their money?