If these deadbeat billionaires payed their fare share of taxes college could be free.
Switching the tax code to tax wealth instead of income would help.
No, not even close. Lets say you took 100% of their wealth which is around $1.3 trillion. Figure a college degree costs around 100,000. That's 13 million college degrees. There are 19.6 million college students in the U.S. right now so even if those billionaires lose everything there still isn't enough to pay just for all the degrees just for the students we have now. Plus you can only confiscate 100% of their wealth once. Since we can't even cover all the degrees for the current student with that money but only 66% of them this year and 0% of them for the year after that because there is no wealth to confiscate because you already confiscated it and in the process destroyed and liquidated every company in America and destroyed the world economy and now you are starving to death. Was paying 66% of college degrees for one year worth it?
Taxing the billionaires won't work because of math.
The only way to fund free college education at current prices is taxing over a trillion dollars a year and the only way to raise that is by taxing hundreds of millions of people twenty thousand dollars each and every year on top of everything else you pay. Keep in mind that to fund it that includes taxing everyone with income at every bracket. Everyone, even old retired boomers on social security would be included in this. Will you cough up your 20,000 a year in taxes. Free college isn't free everyone pays. In Europe where college is free they pay 50%-75% of their income in taxes for all brackets. In Europe a worker making $24,000 a year pays 50% of that to fund the "free" college. They have to tax workers who in America would be considered so poor they pay zero in income tax at that level because there is absolutely no other way to fund it. If you assume 30 years of work plus 15 years of retirement paying for free college would require each and every adult to make a lifetime contribution over their working and retirement years of $900k just for free college. Free college will cost every adult in America $900k, that doesn't sound very free to me.
A better way is just to let people pay for services they are able and willing to pay for. Pay your debts deadbeats, college will never be forgiven.
I rate your post 0/5 pillows, pathetic boomer.