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The lack of broadband in rural areas is more a legislation problem than a funding problem: presently, legislation is set in a way to strongly encourage localize
by kick 7y ago
The lack of broadband in rural areas is more a legislation problem than a funding problem: presently, legislation is set in a way to strongly encourage localized monopolies in rural areas. There's little funding needed to pass laws to prevent this from happening, and half of what he seems to be proposing is legislation.
However, the specific amount he's proposing ($120,000,000,000 for a national initiative) is nowhere near unheard of, and actually normal for large infrastructure projects (remember, the grants rarely happen all at once).
Judging by his site, he intends to make a lot more initiatives plausible at once via a progressive (in the tax sense, which means only after a certain level of value, and only on value after that level) estate tax, a proposed piece of legislation to prevent tax dodging, taxing market speculators at an increased rate and cutting preexisting tax breaks for people with billions:
https://berniesanders.com/issues/tax-increases-for-the-rich/ https://berniesanders.com/issues/tax-increases-for-the-rich/
- ThrowawayR2 7y agoSo, it's the usual "(try to) soak the rich" plan, with the inevitable extension down to more and more people when it generates less revenue than expected? No thanks. I mean, the stated goals are something that we should want, for the most part, but the funding schemes range from fantasyland to nonexistent.