Bernie Sanders and Kamala Harris want to erase student debt and reform healthcare by taxing Wall Street. But a new study shows college and retirement savings would take a serious hit.
Business Insider -

A new study from the Modern Markets Initiative shows how much a financial transaction tax — like ones proposed by Bernie Sanders and Kamala Harris — would cost those saving for college and retirement. 

The study outlines how much 529 college savings plans, university endowments, public pension funds, 401(k) plans, and IRAs would owe annually under a financial transaction tax.

"While free college is admirable, should our teachers' pension funds be paying for it?" Kirsten Wegner, the CEO of MMI,...

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