Wednesday, August 31, 2022

Make Public Colleges Public Again

"Higher education is a massively complicated and convoluted public policy challenge. Unfortunately, Biden's debt cancellation intervention will probably make these issues even more polarized politically than they were before. But one thing we know for certain—the current costs of college are crazy and student debt is an unjust and ineffective way of dealing with it. It doesn't serve America's interests to treat post-secondary education as an unaffordable luxury item for select people rather than as a public good."

John Halpin at The Liberal Patriot calls for "training and college for all who want it and are willing to put in the work at a higher level beyond high school.

And Michael Hiltzik at the Los Angeles Times counters claims that debt forgivness is inflationary and reminds readers that "the federal tax rate of the richest 10% of American households fell from 32.6% of pre-tax income in 1950 to 27.5% in 2018. The rate of the bottom 90% rose from 22.1% to 29%, and of the bottom 20% from 16.3% to 24.6%."

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