A recent article from the Daily Signal reminds us that someone will pay for free college in New York. It is essentially a form of wealth redistribution.
From the article:
New York Proposes Free College, but Not Everyone’s Buying It
New York Gov. Andrew Cuomo announced an “aggressive” new plan to provide free college tuition to families earning up to $125,000 a year. Under the proposal, nearly a million families would qualify.
“We’re making college tuition-free for middle-class families,” Cuomo, a Democrat, said. “This is the most aggressive plan ever proposed.”
To participate, students are required to enroll full time at a state university of New York (SUNY) or city university of New York (CUNY) two- or four-year college.
Richard Vedder, director of the Center for College Affordability and Productivity and a professor of economics at Ohio University, called the proposal “extortionately inappropriate.”
“You’re taking money from the general taxpaying public—including some low- and middle-income people—and redistributing that to a group that will probably include a very significant part of a somewhat more affluent population,” Vedder told The Daily Signal. “It’s certainly not a redistribution to the poor; it’s a redistribution to the middle class—and a fairly affluent middle class.”
Donations tax deductible
to the full extent allowed by law.