Monday, August 12, 2019

Democrats running for office, this is how you talk about 'free college'

Democrats running for office, this is how you talk about 'free college'
The biggest abuses against student load borrowers are predatory loads targeting marginal students and the practice of deferring payment and capitalizing the interest. Interest and payments for the first two years of school should be refunded, as well as capitalized interest paid to date. Any remaining debt due to capitalized interest would be forgiven and added to the debt (to be paid back by a surtax on high income tax payers).

Community college and tech school and apprenticeships (including plumbers) should not only be free, students should be paid to go - with such college including the last two years of high school. This would be financed by a subtraction value added tax, which employers could avoid by hiring students, paying their tuition and salaries themselves. The subtraction VAT would also include a medium income sized negative income tax for each child, also paid with wages. Middle income is roughly $1000 for month, but should be indexed quarterly (and adjusted for costs when the program passes).

Education after that would be funded by the same tax or through the employer with a service obligation (and loan program if that does not work out. Getting paid to go to school should end the right to ask for a higher salary because you have an education. Instead, graduates would receive a bonus paid in shares. Paying parents to support their kids and end their role in education finance takes away two of the big reasons to get an abortion.

Corporations and students would decide where to to go to school, including private school. Bulk purchasing of education will lower the price. Blaine amendments should either be struck down in federal court, but first the case needs to be brought. Catholic schools should also quit blocking union rights if they want these funds. Forget about concerns about unions supporting Roe as it is settled law. End the scam that there is any impact on it because of which party appoints justices.

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