Kamala Harris on student-loan forgiveness, Medicare, universal basic income, credit scores — and a tax on trading stocks

MarketWatch ^ | August 16, 2020 | MeeraJagannathan, Jacob Passy and Jillian Berman

[karpov]

Only Pell grant recipients are eligible for her student loan forgiveness. So if your parents earned little and you got a handout for college, you are entitled to further handouts.

[entropy12]

Having traded stocks since 1963, I am highly favorable to tax on stock transactions and eliminate long term capital gains tax (which is mostly inflation).

[SIDENET]

And free Chicken McNuggets for everyone.

[monkeyshine]

"large" refundable tax credits of up to $500 a month or $6,000 a year to families earning less than $100,000 annually. Single filers who earn below $50,000 annually could get up to $3,000 a year.

First, funny they describe that as "large". Second, if you are a single parent making half the money, it only costs half as much to raise a child?

[monkeyshine]

And... “refundable tax credit” so you have to have to wait a year to get your money back to pay for your kids.

[SunkenCiv]

• Judge throws out Trump's bid to stop Manhattan DA subpoena of his personal and business tax records
• Judge throws out Trump challenge to Manhattan DA subpoena for tax records
• Rand Paul comes out against Trump's payroll tax deferral: 'Probably a mistake'
• New Research Confirms Wealth Tax's Deleterious Effects
• Arizona's Supreme Court revives education tax ballot initiative
• DNC spokesperson insists Democrats 'do not support defunding the police' (a trillion pinocchio's award)
• After Cutting NYPD Funding, De Blasio's Wife Gets $2 Million a Year In Taxpayer Paid 'Staff' (cut police by 1 billion)

[MeneMeneTekelUpharsin]

Stupid people everywhere. The government is NOT going to give anyone ANYTHING that it doesn't take back somewhere.

A t-shirt seen recently:

I don't need to go looking for sex.
The government f___ks me every day.

[beancounter13]

Of course, the government will not forego the capital gains tax. Under her plan, you will have both taxes.

Don’t forget that under current law, if the stock trade is held for less than 1 year, it is already taxed as ordinary income.

[adorno]

Kamala Harris on student-loan forgiveness, Medicare, universal basic income, credit scores — and a tax on trading stocks

After her speech yesterday, Kamala headed home and was heard singing:

"I love it when you call me communista"

(to the tune of Camila Camello's "I love it when you call me senorita")