Sanders: Tax on Wall Street Speculation Will Pay for Public College Education

‘If we could bail out Wall Street, now it is Wall Street’s time to help the the middle class of this country’

SANDERS: "I am not proposing, and very often it gets misunderstood, I am not proposing free college for all. What I am proposing is free tuition at public colleges and universities. That is what I am proposing. And I am also proposing to substantially lower the outrageous level of student debt that millions of people in the country are currently carrying. Why am I doing this? I am doing this because today in many respects a college degree is the equivalent of what a high school degree was 50 years ago. The world has changed. The economy has changed. People need more education. That is why I believe that we should make public colleges and universities tuition-free so that anybody in this country who has the ability, who has the qualifications will be able to get a college degree, regardless of the income of his or her family. And like you, I came from a family that didn't have a lot of money, and first generation to go to college, but I want every kid in this country who is in the sixth grade or the fourth grade to understand that if he or she studies hard, does well , they will be able to go to college regardless of the income of their family. And we are going to pay for that. And I will tell you how we will pay for this. I have been criticized, because it is an expensive proposition, a and it is $70 billion a year, and some of you will remember that back in 2008, Congress bailed out Wall Street after their greed and illegal behavior nearly destroyed our economy. I believe that we should impose a tax on Wall Street speculation. If we could bail out Wall Street, now it is Wall Street's time to help the the middle class of this country."

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