One of Bernie Sanders’ campaign promises, something that has moved young people and given older lefties a warm feeling, is the idea of tuition-free college. But there are liberal detractors as well. As with a lot of Sanders’ dissent, the question of whether or not his promises are nice to believe in but unrealistic to actually accomplish rises to the top. How realistic is Bernie’s plan to pay for this free education?
“We show that the version of the tax now before Congress and supported by Sen. Sanders—the Inclusive Prosperity Act—could conservatively generate around $300 billion per year in new government revenue,” says Pollin, who assisted Ellison’s staff in drafting the 2012 version of the bill. “This would be more than enough to finance in full the Sanders proposal to provide free college tuition for all U.S. students.”
Would private colleges become extinct? I doubt it. But that’s my opinion.