Justin Ward
2 min readAug 5, 2019

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bASiC eCoNomIcS

Okay, since none of that actually refuted a single piece of Bernie’s platform, I’ll just take on that Huffpo piece you cited in lieu of actually doing your own damn work.

For the most part, that piece doesn’t even deal with policy, either. It just nitpicks his claims about Glass-Steagall, which isn’t a cut and dry issue by any measure.

The one thing he does address is Bernie’s plan to use a Tobin tax to fund tuition free college. He doesn’t use any of the actual projections about the revenue it could generate in the US. Instead he mostly dwells on Sweden, which isn’t the center of the global financial industry, so I don’t know why he thinks it is analogous.

There are two studies. The one that Bernie cites says $1.5 trillion over 10 years. The Tax Policy Center gives a much lower estimate of $400 billion.

Huffpo guy cites an Atlantic piece that says costs of public school tuition is $60 billion. The same article issues a clarification saying that when you subtract existing Pell Grants, that total comes down to $40 billion.

What is 400 divided by 10?

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Justin Ward
Justin Ward

Written by Justin Ward

Journalist and activist. Founder and co-chair of DivestSPD. Bylines at SPLC, The Baffler, GEN, USA Today. Follow on Twitter: @justwardoctrine, @DivestSPD

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