Title: Elizabeth Warren wants to use her wealth tax to wipe out Americans’ college debt and...

Title:

Elizabeth Warren wants to use her wealth tax to wipe out Americans’ college debt and pay for tuition

question: give your thoughts and opinion on this topic ( must contain 350 words )

Expert Solution

Elizabeth Warren wants to clear college debt in America by using:

Spend $1.25 trillion over 10 years to eliminate up to $50,000 in student debt for those with household incomes under $100,000
Allow states to make public colleges tuition-free
Spend $100 billion on expanded Pell grants to defray more nontuition expenses

The money would come from the 2% annual tax she proposes to levy on accumulations of wealth exceeding $50 million, with an additional 1% on wealth exceeding $1 billion. Warren justified the link by asserting that higher education financing has long been crimped by tax cuts for wealthy Americans and corporations.

As education became costly day by day and more people are reluctant to take efueducat due to high cost. It was a great idea that will help all the poor people of all races, religions and color which helps them to get education free.

It will encourage many people to study higher education and help themselves to grow up from their poverty and which would further help America to grow further.

Elizabeth stating free education to students which by funding of wealthy people contribution through tax. Fee free education helps students from all groups to come forward for education. The people in America who holds degree earn more than the other. If education come free then the wealth gap between the people is nuetralized. When wealth gap gets equalized then it brings equality from all the sections of people. I.e., equality in the nation.

Rahul Sunny answered 1 year ago

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