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Cory Doctorow:

Billionaire Goldman Sachs alum Robert F Smith made headlines when he donated enough cash to pay off the student loan debt of the entire Class of 2019 at Morehouse College; but Smith is also an ardent supporter of the carried interest tax loophole, which allows the richest people in America to pay little to no tax on the bulk of their earnings, while working Americans (like the Morehouse Class of 2019 will be, shortly) pay their fair share.

If people like Smith were taxed at a rate comparable to the little people, there would be ample funds for free universal post-secondary education. Merely closing the carried interest loophole would generate enough tax revenues to pay off the student debt of 450 Morehouse Classes of 2019.

A Private Equity Titan With a Narrow Focus and Broad Aims | The New York Times

Remember kiddos, save the plaudits and accolades for the people that actually give a shit about a better world.

Paul Ciano

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