Scholarships, not loans

STEWART ESTEOM

Rochester, N.Y.

A problem that affects and hurts a lot of American families is the high cost of a college education.

I’d like to propose a change where we turn college student loans into college student scholarships so that one day, every college graduate will not have to start their working lives deeply in debt.

With a nearly $1 trillion dollar 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 this.

From my research, I would like to point out to my conservative friends out there that before he became a fake 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 it 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.”

If anyone doubts that he made this proposal, it appears on several websites for anyone to see.

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