i like Bernie
and certain aspects of his proposal
effecting a transaction cost on trading stocks is something which needs to be done, despite whether those revenues were earmarked for advanced education purposes. trades would no longer occur based on tiny movements in stock prices; shares would then be held for longer periods, mitigating some of the market volatility
i would encourage his approach to be applied incrementally, starting with medical schools/medical studies. we need more trained medical personnel. for every student who is accepted to medical school, there is a qualified applicant who is not. similar to military academies, we should create medical academies where the doctors who emerge graduate with a multi-year obligation to serve the American people to repay their med school debt
and for the prospective PAs, nurses and med technicians, use the monies from the stock trade tax revenues to cover their educational costs
a problem i have with Bernie's approach is that i do not see how it would be fairly implemented. can one person enroll in a school of higher education and remain there in perpetuity, enjoying a student's life at taxpayer expense
all citizens would not qualify to attend because they will not have met the colleges'/universities' entrance requirements. that will be especially true of the poor, who tend to emerge from high school (the 70% who do) less qualified - on average - than those who are fortunate to be have been born into higher economic strata. and those who are poor are disproportionately minorities. the net result would be to provide a financial and educational advantage to those from the higher socio-economic categories ... and they will tend to be very white
earlier in the thread, there was a presentation that our public school performance is weak. and it is. however, when comparing where our nation's school performance stands with respect to other advanced societies, we suffer in that comparison because a larger portion of our measured students are from impoverished homes. when adjusting for that, our school performance tends to elevate to the middle of the pack. but significantly, our poor students tend to perform better than the poor students from those other advanced societies in the proverbial apples-to-apples comparisons. however, our students from higher rungs of society, perform worse is direct comparison to their international peers. here is an excellent study which describes the true educational performance correlation to or international counterparts:
What do international tests really show about U.S. student performance? | Economic Policy Institute
if this is a legitimate concern we would similarly expect poorer states in the USA to do less well than richer states. and that is what is found: in 2011, the math average for alabama students was 466 compared to that of Massachusetts students at 561. the greater proportion of poorer, less performing students, skews the results just as it does for the USA and its higher proportion of poor students when compared to the school performance measures of other advanced societies