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I think this is the answer. But if it can really be done for $15 B then it should. I would be in favor of a set of strict standards around who gets it paid for and such, based on achievement and not on need. Maybe something where the student has to take out loans to pay for the tuition and those loans are forgiven once they have a degree and a set time period to get a degree. In the end it would probably be an idealistic idea that would be ruined by politicians. But I am all for giving every American the access to a quality education without the crippling debt that currently comes with it.
Another unintended cosequence would be the postponement of income tax revenues for millions more Americans who will now be taking the free-school route instead of going to work.Originally posted by Ostatedchi:
It won't work. at all.
A high school diploma used to mean something. Then you make 'public' education free and and everyone has a diploma regardless of standards. So, you get a college degree in order to have a meaningful paper hung in your office.
If you make college 'free', the same thing will happen. Everyone will get a college degree and they'll become meaningless. They hold value because they are rare.
Curious if you've done the math here... what would those new entrants actually be paying in tax revenues and would that not be offset by future increases in revenue from an increase in earnings through the additional education?Originally posted by Bitter Creek:
Another unintended cosequence would be the postponement of income tax revenues for millions more Americans who will now be taking the free-school route instead of going to work.Originally posted by Ostatedchi:
It won't work. at all.
A high school diploma used to mean something. Then you make 'public' education free and and everyone has a diploma regardless of standards. So, you get a college degree in order to have a meaningful paper hung in your office.
If you make college 'free', the same thing will happen. Everyone will get a college degree and they'll become meaningless. They hold value because they are rare.
They won't be paying anything extra. At least not a net gain. Again, re-read my first post. A college education won't mean what it does today once the masses have them.Originally posted by davidallen:
Curious if you've done the math here... what would those new entrants actually be paying in tax revenues and would that not be offset by future increases in revenue from an increase in earnings through the additional education?Originally posted by Bitter Creek:
Another unintended cosequence would be the postponement of income tax revenues for millions more Americans who will now be taking the free-school route instead of going to work.Originally posted by Ostatedchi:
It won't work. at all.
A high school diploma used to mean something. Then you make 'public' education free and and everyone has a diploma regardless of standards. So, you get a college degree in order to have a meaningful paper hung in your office.
If you make college 'free', the same thing will happen. Everyone will get a college degree and they'll become meaningless. They hold value because they are rare.
Posit that this is not a zero sum game, that we can improve overall standard of living and American global competitiveness (hence raising the US standard of living and overall share of global GDP in the process).
I'll take your answer off the air.
This was my reasoning as wellOriginally posted by Ostatedchi:
They won't be paying anything extra. At least not a net gain. Again, re-read my first post. A college education won't mean what it does today once the masses have them.Originally posted by davidallen:
Curious if you've done the math here... what would those new entrants actually be paying in tax revenues and would that not be offset by future increases in revenue from an increase in earnings through the additional education?Originally posted by Bitter Creek:
Another unintended cosequence would be the postponement of income tax revenues for millions more Americans who will now be taking the free-school route instead of going to work.Originally posted by Ostatedchi:
It won't work. at all.
A high school diploma used to mean something. Then you make 'public' education free and and everyone has a diploma regardless of standards. So, you get a college degree in order to have a meaningful paper hung in your office.
If you make college 'free', the same thing will happen. Everyone will get a college degree and they'll become meaningless. They hold value because they are rare.
Posit that this is not a zero sum game, that we can improve overall standard of living and American global competitiveness (hence raising the US standard of living and overall share of global GDP in the process).
I'll take your answer off the air.
You'll have to go do something extra. Maybe that would be post-graduate school. Maybe that would be getting a 'real' deploma from a private instution instead of the public system.
The standard of living won't be improved for the rank and file Joe Public.