Average earnings for a bachelors degree is $2.8mm over ones working life (according to google search I just did). So if someone wants 'free education' they can get it, and they will 100% qualify regardless of their parents earnings. They only have to pay an added 5% tax on their gross income over their working career (SSI and IRA/401K income wouldn't need to pay this tax). This equates to $150k in payback to tax payers for the 'free' education they recieved.
Don't want to pay that 5% income tax over your working life, great, just pay for college yourself and you won't be subject to the tax. This is a win win solution and creates high investment in our youth with a funding mechinism that will create a positive feedback loop on itself. But it would be everyones choice on if they wanted to do it or not, and I am definately pro-choice.
Don't want to pay that 5% income tax over your working life, great, just pay for college yourself and you won't be subject to the tax. This is a win win solution and creates high investment in our youth with a funding mechinism that will create a positive feedback loop on itself. But it would be everyones choice on if they wanted to do it or not, and I am definately pro-choice.