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But there is no magic you are paying higher taxes and that’s not for 20 years it’s forever
by qaq 5y ago
But there is no magic you are paying higher taxes and that’s not for 20 years it’s forever
- lapsedacademic 5y agoThere are two sources of "magic": 1. Efficiency. Canadian universities deliver similar/better products at much lower cost. Not just cost at point of use, but actual "amount of money spend annually to deliver education". 2. Financing model. Taxation allows you to fund things without paying interest to a middle man. If you pay off a set of loans whose principle is 50K, but with 5%-7% interest rates, then you're paying a lot more than 50K. So even if the products were equal in price, the taxation model might work out ahead.
- qaq 5y agothats great in theory the thing is though that US student will make 15K more after tax so break even will be 3.3y
- lapsedacademic 5y ago1. That number seems way off. What are your assumptions? 2. I haven't looked at the data, but I'm going to go out on a VERY short branch here and assert that the entire delta between US and CA tax rates is not consumed by higher education.
- qaq 5y agothis would obviously depend on the field but generally there is significantly lower comp in Canada vs US for the same job. Taxes are lower in US too.
- lapsedacademic 5y ago> but generally there is significantly lower comp in Canada Right, I figured. This is entirely orthogonal to the discussion about the problems with higher ed in the us...
- belval 5y agoHonestly (I know that's not true of all states) but I worked in California and the taxes I was paying there were higher than my taxes in Quebec/British Columbia. Yes taxation is higher, but I still feel like we get a lot more bang for our bucks here.
- qaq 5y agoWell that's one exception but in CA public Unis are good and fairly cheap.