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This fact is what scares me most about economic populism in the USA. I'm not concerned about higher taxes: I'm concerned people look at the college market and s
by mgh95 2y ago
This fact is what scares me most about economic populism in the USA. I'm not concerned about higher taxes: I'm concerned people look at the college market and see the problem as lack of subsidy, not about excess capital availability.
- ethbr1 2y agoThe problem is that you can only subsidize a for-profit entity (including non-profits that act as such) by simultaneously controlling prices (or scaling supply supra-demand). Anything else, including any personal contribution, and the prices just raise to include the subsidy. Which is exactly what you'd expect a market rate to do! * The sole exception seems to be if the subsidies are targeted and few enough in number so as to not influence the broader market rate, but then you're not helping as many people.