In March 2019 the U.S. Senate defeated The Bank on Students Emergency Loan Refinancing Act by a vote of 58-38. The act, proposed by Senator Elizabeth Warren (D-MA) would lower the interest rate on existing student loans from 7% to 3.86%. The act would be financed by levying a mandatory income tax of 30% on everyone who earns between $1 Million and $2 Million dollars per year. Proponents argue that current student loan interest rates are nearly double normal interest rates and should be lowered to provide relief for millions of low-income borrowers. Opponents argue that the borrowers agreed to pay the interest rates when they took out the loans and taxing the rich would hurt the economy.
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No, I think they should add an optional tax that would help reduce interest loans. That way for those who don't want to support it, don't have to and for those who do can support.
@9R7PGP711mos11MO
The rich must be heavily taxed (like 80%) and interest rates in student loans must be removed entirely
No I think it should increase for everyone. Just cause they make more money doesn't mean you should take more.
We should tax the rich but not to reduce interest on student loans. Tuition should be capped and interest on student loans should be forgiven.
Yes, abolish private property and ban wealth accumulation and make education free
Yes, and there should be an income cap and we should make all higher education public and tuition free, and ban all private education
No taxes, eat the mf rich and kill capitalism dead.
This is of course in a dystopian capitalist society where the 1% have dominated the economy, along with failing to provide for its people in a more progressive way, to where the 1% create a self-fulfilling cycle of indignity and injustice hierarchy. In the case of an equal abided system of regulations, the taxes of the people should be balanced, regardless, yes in the current system.
Yes, tax them and we should abolish that position of authority and the authority of large corporations.
I support increasing taxes on the wealthy for just about everything
@93SF6WW3yrs3Y
There should be free college and no government
We should tax the rich so much that their money is used to fund every necessary social programs, billionaires should not be allowed to exist.
we should not have money
Yes, but instead of reducing interest rates we tax the rich and cancel student debt.
There shouldn't be rich people
if we do that most companies will rise product cost making it HARDER for college students
Tax the rich out of existence.
Student loans have potential to completely cripple one's financial stability. Whilst increasing the taxes for the rich might decrease student loan prices, I believe people should not have to pay for a good education.
Yes but only until we do away with the rich
They should do more then just tax the rich, they should instead take their wealth and redistribute it to everyone else.
College should just be free, and all student loan debt should be forgiven
Eat the rich they should not exist
Yes and eliminate all student loan debt for students.
Abolish the education department.
Nationalize all colleges.
Yes, and work towards abolishing private business altogether.
college is a human right as an American why must i pay or apply to become a functioning citizen. and many times college is a scam the market moves and your degree can become useless.
Seize the property and wealth of the capitalist class for the proletariat
I support removing the rich as a class, and free university for the workers.
The rich should be cast down and abolished
No tax the poor even more to help compensate high income individual spending.
No loans should not be required to get an education
We should do much more than tax them.
The rich's wealth must be seized by the people and be distributed
tax the poor even more 40% more taxes
We should reduce interest rates for students, but at the same time, the richer people worked harder to get that money and they shouldn't just loose all that additional labour.
I believe every rich person should be taxed to the extent that are no longer more financially powerful than anyone.
No, we should lower taxes and instead make money using other means, like nationalised industry and taxes on corporations
Yes, absolutely tax the rich, but nullify all student loans and provide free education for all.
No. Get rid of money and the hierarchy
No, all student loans should be forgiven and all tuition going forward should be abolished, higher education should be publicly funded.
We don't need a government!
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