News for hackers. Stuff that matters.
Re:Sanders to propose canceling entire $1.6T in US student l... by jmpman on Sunday June 23, 2019 @11:49PM (#20260371)
I didn’t realize how crazy a number this is until I did some math. Sanders proposed to fund it through taxes on Wall Street. Maybe that’s a good plan, but let’s see what it would mean if we funded it as a tax on each H1B. Currently there are 350,000 H1B. Let’s say that their spouses work as well, so we are up to 700,000 jobs (yes, I know the rules have changed recently) Let’s then say that we want to pay off the $1.6T just by taxing those jobs over the next 10 years. That comes out to $228k per H1B per year for the next 10 years. So, taxing H1B alone isn’t going to do it. What about raising the estate tax for the next 10 years?
Re:Sanders to propose canceling entire $1.6T in US student l... by what_is_this on Monday June 24, 2019 @04:41AM (#20261567)
Some of the taxes on Wall Street included stuff like a 1% tax on bonds, 0.05% tax on derivatives

Pretty sure Sanders is also in favor of higher estate taxes. Even Clinton was