4 ms·
>...$1.6 trillion of student debt held in the United States... According to https://www.nerdwallet.com/blog/loans/student-loans/student-loan-debt/ https://www.
by CaliforniaKarl 7y ago
>...$1.6 trillion of student debt held in the United States...
According to https://www.nerdwallet.com/blog/loans/student-loans/student-loan-debt/ https://www.nerdwallet.com/blog/loans/student-loans/student-..., $119.31 billion of the debt is private.
>Sanders is proposing to pay for these plans with a tax on Wall Street his campaign says will raise more than $2 trillion over 10 years, though some tax experts give lower revenue estimates.
So, a portion of the tax would go right back to the banks financing that private student loan debt. Interesting!
- inamberclad 7y agoHow does it go back to the banks?
- jonahbenton 7y agoThe private entities that hold this debt are generally completely different from the entities whose activities would be taxed.
- noobermin 7y agoHmm, that's less than 10% of the debt held. Given they as a whole will pay $2T over two years, wouldn't they be losing money as a whole?