So "the rich people" only do good with their money? They are going to keep building businesses until they have no one to buy their products.
But Bernie is saying wealth and the report I saw, I'll try and find it, also used wealth. I would suspect "taxable income" would be much much less.
I realized something here........ why do you think there was a big jump in family income in the '60s? Thats when women entered the work force in large numbers. Also from there on out I think I would attribute the increase in family income to the increase of educated women in the work force increase their families dual income. Your chart is unintentionally a advertisement for more attainable education and the results it has on income.
Cost of education has changed. In the 60s you could get a degree and pay for it mostly with your summer job. Now our education payment system looks more like the housing bubble or health care system, we are guaranteeing huge payments to institutions and separating the person from the actual immediate cost, which has caused a exponential increase in cost of education and removes most price checks that would normally be in a free market system. Edit to add: education is vital for social economic status mobility. You either pay, get lucky, or get left behind.
I didn't say that rich people only do good with their money. Some rich people are drug kingpins and what not. I just think it's wrong to say the rich sit on some giant portion of their income or wealth as if it doesn't end up in the economy. EDIT: "cost of living" is accounted for in the "(2012 dollars)" inflation adjustment.
Women entered the workforce in big numbers in the 1980s. But women always worked. Women were writers, doctors, lawyers, nurses, teachers, etc. There were even women congresspersons going back to the 1920s. Explain this away: EDIT: to clarify
Okay let's say everything you said is right. How do you plan on implementing federal law to these state schools? With federal funding comes federal laws.
I just don't think state legislation will get behind the federal government saying how they school their citizens.
You already pay it. Pell grant expense is in the 30B-40B range. Bernie's plan is to tax financial transactions on wall street to raise the money. Also changing the payment method will reintroduce price checks.
ok I wasn't sure the point you were trying to make in the previous post. I see this as somewhat minor details that would be worked out. The trick will be keeping private institutions happy with a public system of payment. I dont have all the answers.
But working it out is unconstitutional. Actions like these would take away the very foundation of why we have a separate State and Federal government. The other problem I see is mass transit like federal highways, infrastructure, etc. When the feds pay for it, they make the rules on how it's spent, who is getting what and where. The state again loses state legislation power in a socialist democracy.
For the examples you listed I don't see that as a problem. I'm all for states rights but certain things need a bit of oversight or the greater benefit outweighs the discomfort. You could extend this thinking to federal prisons or various other FED regulatory programs. Its also not that far out of line for what is already happening in many areas, FED money makes states bend to their will in many areas. I dont really see that as unconstitutional, maybe just poor spending.
Oh yeah, good point. But if you break it down, the state also has a gas tax. So what does the federal gas tax goes to? Interstate highways?