Tuesday, May 19, 2015

Bernie Sanders Wants Huge ‘Robin Hood’ Stock Tax To Make College Free

Bernie Sanders, the Democratic presidential candidate and self-proclaimed socialist who wants the United States to morph into a vast Scandinavia, is holding a Tuesday press conference to explain how he will soak the rich to make tuition at public, four-year colleges and universities free.
Sanders will propose legislation to fund his free-college scheme with massive new taxes on stock transactions, Bloomberg reports.
The Vermont senator’s bill, if passed, would add a 50-cent tax for every “$100 of stock trades on stock sales, and lesser amounts on transactions involving bonds, derivatives, and other financial instruments,” according to a press release from a group called Robin Hood Tax on Wall Street.


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