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My favorite idea for this issue is that the gov't should pay for college, except it should pay a multiple of the student's increase in earned taxable income ave
by ttcbj 5y ago
My favorite idea for this issue is that the gov't should pay for college, except it should pay a multiple of the student's increase in earned taxable income averaged over the 5 years preceding and following the degree. High school students would have near zero income, so it would mostly be a multiple of their 5 year average income after graduation.
This pays directly for what the gov't wants (increase in the student's productive utility in the economy), it correlates increasing expenditures with increasing long term tax income, and I think in the long term it would create structural incentives guiding students towards more practical degrees.
- jayski 5y agoid never heard this, but it makes a lot of sense.
- imtringued 5y agoIt's a nice idea but people will insist that they should have the right to get $115k in debt for a degree that doesn't let them repay their debt.