Benefits of Sanders’s College Plan Bigger for Wealthy, Analysis Finds

[ProudToBeLiberal]

Advocates of tuition-free college are having a bad week.

First, a leading think tank on tax policy picked apart the numbers in the Bernie Sanders proposal, saying the math didn’t add up. Now comes the left-of-center Brookings Institution, which says the Vermont senator’s plan would give nearly $17 billion in aid to the upper half of U.S. earners, while giving less aid to the poorest.

The analysis undercuts a central theme of Mr. Sanders’s Democratic presidential campaign, which has called for shifting tax benefits from the rich to the beleaguered middle class and poor. Brookings contributor Matthew Chingos says the Sanders plan would actually be tilted toward the wealthy, a charge that has been made by the senator’s chief rival, Hillary Clinton.

Specifically, dependent students from households in the top half of U.S. earners would get $16.8 billion in tuition relief under the free-college plan, Mr. Chingos concludes. Students from households in the bottom half would get $13.5 billion.

More at http://blogs.wsj.com/washwire/2016/04/21/benefits-of-bernie-sanderss-free-college-plan-bigger-for-wealthy-analysis-finds/

Looks like the left leaning Brookings Institution is going to go under the bus.

[ViseGrip]

1. Much wealth is donated to education institutions. YUGE donations!

They do it when their kids attend, they do it for the community, lots of the YUGE blocks of money they get, are donated from wealthy people. I want that acknowledged, for the large gifts they give to universities.

[Baobab]

9. Fewer wealthy people means less money for universities unless the smaller number of wealthy give mor

which is not a given.

Remember although the amount of wealth owned by the richest is increasing rapidly, the number of wealthy people is also shrinking VERY rapidly over time and by midcentury almost everybody will be unemployed, so without work to feed new people in at the bottom there will be few "new" rich people if any.

Most wealth will be inherited wealth and there will be virtually no income from work, due to services liberalization many perhaps most technical jobs will probably be occupied by foreigners here temporarily and pay very little. the rest will likely be done by software. Even software itself will be written by other software.

Eventually most people will be unemployed and desperately poor, and probably excluded from society, or extrmely wealthy and surrounded by incredible spelandor in towers stretching to the sky, so that they float above the pollution.

But even the wealthy areas will also be depopulated due to endocrine disrupting bio-accumulation and the simple fact that even if wealthy people (since they will be exposed to much less pollution, their fertility is more likely) have lots of children there still will be less and less of them all the time due to the concentration of wealth effect.

Also the ones who saved up a lot of money now during the golden era of work will only be able to transmit that wealth for a few generations unless they are multi billionaires and are frugal too.

[Lucinda]

2. My brain is mush tonight, but I'll kick, and bookmark this for tomorrows reading!

[think]

3. Left leaning? Don't you mean Hillary donor & mega corporation leaning?

Brookings Institution

~Snip~


Funding

Media Transparency lists the Brookings Institution as having received 78 grants totaling $5,711,782 between 1986 and 2003. (Figures unadjusted for inflation). [4]

The funding has come from:
John M. Olin Foundation
F. M. Kirby Foundation
Walton Family Foundation
Smith Richardson Foundation

In 2002, Haim Saban pledged $13 million to start a research organization at the Brookings Institution called the Saban Center for Middle East Policy. To put this Policy Center into perspective one should note:
the Brookings Institute is the principal Democratic Party think-tank and all issues, and it is a place where "politicians in-waiting" can bide their time until the next election.
Haim Sabban is a large media mogul, with large interests in the US, and his company is the largest broadcaster in Germany (owns "ProSiebenSat.1 Media, putting him in control of a company that owns the rough equivalent of CBS, ABC, TBS and Nickelodeon&quot
Saban says "I'm a one-issue guy and my issue is Israel".

It is difficult to imagine that the Brookings-Saban Center will be a think-tank that will represent or research the Middle East with the interests of the broad base of the Democratic party in mind.

Source: Andrew Ross Sorkin, "Schlepping to Moguldom", New York Times, September 5, 2004.

Money received July 1, 2005 – June 30, 2006

[2]

$1,000,000 and above:
The Brown Foundation, Inc.
Annie E. Casey Foundation
Ford Foundation
The William and Flora Hewlett Foundation
Living Cities, Inc.
The Bernard & Irene Schwartz Foundation Inc.
John L. Thornton
James D. Wolfensohn

$500,000 – $999,999:
Anonymous
Steven L. Bing
Department for International Development, United Kingdom
The John D. & Catherine T. MacArthur Foundation
The Pew Charitable Trusts

Sometimes corporations give directly and sometimes through their foundations. Note that money can flow from a corporation to a foundation, then from that foundation to another foundation, and finally to a think tank. Brookings Institution also has categories $250,000 – $499,999, $100,000 – $249,999, etc. A small sampling of others giving these lesser amounts (in order of their listing):
Carnegie Corporation of New York
Fannie Mae Foundation
John S. and James L. Knight Foundation
Claude R. Lambe Charitable Foundation
Charles Stewart Mott Foundation
Embassy of Qatar
The Rockefeller Foundation
Cheryl and Haim Saban
Taipei Economic and Cultural Representative Office
United Nations
U.S. Chamber of Commerce
AT&T
Richard C. Blum and Senator Dianne Feinstein
Boston College
Exxon Mobil Corporation
State Farm Insurance Companies
Tel Aviv University
Tokyo Club Foundation for Global Studies
Visa USA, Inc.
Allstate Foundation
Chevron Corporation
Government of Denmark
Johnson & Johnson Family of Companies
J.P. Morgan Chase Foundation
Shell Oil Company
Wal-Mart Stores, Inc.
World Economic Forum
Alcoa Foundation
Altria Group, Inc.
American Express Foundation
Bank of America Foundation
The Boeing Company
BP America Inc.
Cato Institute
Coca-Cola Company
Eli Lilly and Company Foundation
Ford Motor Company Fund
GE Foundation
General Dynamics Corporation
W.K. Kellogg Foundation
Lockheed Martin
MassMutual
Microsoft Corporation
Pfizer, Inc.
Raytheon
BellSouth Corporation
Bristol-Myers Squibb Foundation
Caterpillar Foundation
CIGNA Foundation
Citigroup Foundation
ConocoPhillips
The Dow Chemical Company
GlaxoSmithKline
Goldman, Sachs & Co.
Honda North America, Inc.
Marathon Oil Company Foundation
Merrill Lynch & Co., Inc.
Mitsubishi International Corporation

SourceWatch resources on Brookings scholars
Kenneth W. Dam
Kenneth M. Pollack
Peter Singer
James B. Steinberg
Strobe Talbott

Board of Trustees

The Brookings Institution – Board of Trustees with Affiliations as of May 2007:[3]
John L. Thornton, Chair of the Board, The Brookings Institution
Strobe Talbott, President, The Brookings Institution
Robert J. Abernethy, President, American Standard Development Co., Inc.
Liaquat Ahamed, Former Chief Investment Officer, Fischer Francis Trees and Watts, Inc.
Alan R. Batkin, Vice Chairman, Eton Park Capital Management
Richard C. Blum, Chairman and President, Blum Capital Partners, LP
Geoffrey T. Boisi, Chairman and Senior Partner, Roundtable Investment Partners LLC
Arthur B. Culvahouse, Jr., Chair, O'Melveny & Myers LLP
Alan M. Dachs, President and CEO, Fremont Group
Kenneth W. Dam, Max Pam Professor of American & Foreign Law, University of Chicago Law School
Steven A. Denning, Managing Partner, General Atlantic Partners
Vishakha N. Desai Ph.D., President and CEO, The Asia Society
Thomas E. Donilon, Partner, O'Melveny & Myers LLP
Mario Draghi, Governor, Bank of Italy
Kenneth M. Duberstein, Chairman and CEO, The Duberstein Group, Inc.
Alfred B. Engelberg, Trustee, The Engelberg Foundation
Lawrence K. Fish, Chairman and CEO, Citizens Financial Group, Inc.
Cyrus F. Freidheim Jr., President and CEO, Sun-Times Media Group, Inc.
Bart Friedman, Senior Partner, Cahill Gordon & Reindel
David Friend, President and CEO, Carbonite, Inc.
Ann M. Fudge
Jeffrey W. Greenberg, Chairman and CEO, Aquiline Holdings LLC
Brian L. Greenspun, Chairman and CEO, The Greenspun Corporation
Glenn Hutchins, Founder and Managing Partner, Silver Lake Partners
Joel Z. Hyatt, CEO, Current Media, LLC
Shirley Ann Jackson, Ph.D. President, Rensselaer Polytechnic Institute
Kenneth M. Jacobs, Deputy Chairman, Lazard Frères & Co. LLC
Suzanne Nora Johnson, Senior Director, Retired Vice Chairman, The Goldman Sachs Group, Inc.
Harold Hongju Koh, Dean of Yale Law School, Yale University
William A. Owens, Chairman and CEO, AEA Investors LLC
Frank H. Pearl, Chairman and CEO, Perseus, LLC
John Edward Porter, Partner, Hogan & Hartson
Edgar Rios, Executive Vice President and General Counsel, Americhoice
Haim Saban, Chairman and CEO, Saban Capital Group, Inc.
Victoria P. Sant, President, The Summit Foundation
Leonard D. Schaeffer, Chairman and CEO, North Bristol Partners
Lawrence H. Summers, Charles W. Eliot University Professor, Harvard University
David F. Swensen, Chief Investment Officer, Yale University
Larry D. Thompson, Senior VP of Governmental Affairs, General Counsel and Secretary, PepsiCo, Inc.
Andrew H. Tisch, Co-Chairman of the Board, Loews Corporation
Laura D’Andrea, Tyson Professor, Haas School of Business, University of California, Berkeley
Antoine W. van Agtmael, Chairman, Emerging Markets Management, LLC
Beatrice W. Welters, Founder, The An-Bryce Foundation
Daniel Yergin, Chairman, Cambridge Energy Research Associates

~Snip ~



http://www.sourcewatch.org/index.php?title=Brookings_Institution

[ProudToBeLiberal]

5. Well, that was quick. nt

[think]

6. When it's obvious who the hell is behind it it doesn't take too long.

[think]

8. Haim and Cheryl Saban Give Additional $2 Million to Pro-Clinton Super PAC

http://variety.com/2016/biz/news/haim-saban-hillary-clinton-superpac-priorities-usa-1201758043/

[TM99]

11. Yeah, the Brookings Institute is as 'liberal'

as the Progressive Policy Institute was 'progressive.'

[Baobab]

4. THIS IS TOTAL BULLSHIT because it ignores a fact- that jobs are going away fast

that means that people would be crazy to burden themselves with debt. People also need to realize that to get the benefits of being educated they have to get a job, and to get a job they are either going to need a fairly high level of skill or have an advanced education. Not a 2 year degree from a community college, ALTHOUGH A 2 YEAR DEGREE FROM SOME SCHOOLS THAT OFFER TRANSFERABLE CREDIT CAN SAVE STUDENTS A LOT OF MONEY ON THEIR EDUCATION by making the first two years virtually free. People should plan to get a PhD or an MS. Thats what its going to take. And the deand for many inds of education will likely be much lower than today because of income stratification. We wont have the societal need for many professions that people seem to want to go into. because of income stratification, get it? That society is not being created. Its our fault.

Clintons assumption that people with four year degrees in non-technical skills is pretending that conditions twenty years ago exist in the future, that simply having a degree will get somebody a job in a workless society, that assumption is wildly optimistic.

People, stay out of debt!

[Cheese Sandwich]

7. I feel bad for people who believe this stuff

truly.

[whatchamacallit]

10. Simple question

Would you rather not get free tuition if it benefits the wealthy too? It seems some of the 1% are suddenly concerned you're giving them too much (of something they don't care about or need), so they want to save you from... them? They want you to "deny them" so you deny yourself.

[aikoaiko]

12. Holy Hell, what a stupid criticism of Bernie's plan.

Yes, the wealthy tend to advantage their kids which means they can more easily compete for more selective and expensive pubic higher-ed options.

But if the tuition were free, we'd see a lot more lower SES students in those schools which would complete undue this analysis of benefiting the rich.

Fuck.