OPINION:
A problem that affects and hurts many American families is the high cost of a college education. I propose a change: Turn college student loans into college student scholarships so that one day, not every college graduate will have to start their working lives deeply in debt.
With a nearly $1 trillion yearly federal government budget deficit, we’d have to come up with the revenue to pay for this. I propose the adoption of a national wealth tax of 10 percent on all those individuals with a net wealth and net worth of $10 million and higher. I believe that this would be more than enough to pay for the scholarships.
I would like to point out to my conservative friends out there that before he became a “conservative,” Donald Trump proposed a national wealth tax in 1999 of 14.25 percent on all those with a net worth of $10 million and higher. He wanted the money generated from the tax to go toward eliminating the national debt, with the remainder being put into the Social Security Trust Fund to make it more fully solvent for many additional years. The latter of the two expenditures is not exactly “conservative.”
STEWART B. EPSTEIN
Rochester, N.Y.
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