California Democrats Want Millionaires to Fund Free College
The left’s solution to everything.
How many times have we heard the old “make the rich pay” plan from the left? Besides, in California aren’t the millionaires already funding a lot of other big government programs?
Campus Reform reports:
CA Dems propose free tuition funded by tax on millionaires
California state legislators have proposed a bill to make public colleges and universities completely tuition-free by creating a special tax on the state’s remaining millionaires.
Assembly Bill 1356, introduced Monday by Democratic Assemblywoman Susan Talamantes Eggman, would impose a one-percent tax on incomes over $1,000,000 in order to close “the unfunded gap between existing aid programs and the cost of tuition and fees.”
A press release put out by Eggman’s office asserts that California needs roughly $2 billion to cover the cost of college tuition for all state residents, and estimates that the new tax would generate about $2.2 billion, all of which would be deposited into the state’s Higher Education Assistance Fund for that purpose.
At press time, the California State Legislature’s website listed AB 1356 as a bill (also sponsored by Eggman) to extend legal protections and rights to illegal immigrants who apply for employment in the state, but a staff member told Campus Reform that the site is in the process of being updated.
A fact sheet provided to Campus Reform explains that between 1969 and 2015, California’s median household income increased by 10 percent, whereas tuition increased 530 percent in the University of California system and 685 percent in the California State University system over the same period.
Donations tax deductible
to the full extent allowed by law.
So California’s Loonie Leftists really do realize that someone has to pay for all of the “free stuff” they want to give away. It’s about time! Now all they have to do is agree to fund things by giving up their own legislative salaries and perks; $104,115 per year in addition to per diem costs to cover lodging, meals, and incidentals!
Seems fair to me!
Why only 1%? Because more would be unfair? But isn’t it unfair that the millionaires made their money on the backs of all the “workers” that really need it more? I’m sure the millionaires will agree.
Good that’s less money those Silicon Valley wackadoos have to donate to liberal causes.
Giving away education free will establish its implicit value for everyone, and encourage college children to disregard its value. Nobody will want to pay the exorbitant tuition fees if the education is worthless!
A better idea would be to offer government guaranteed loans to all students, to be used to pay for their educational expenses, including tuition, room, board, books and materials — and spring break expenses if the money is spent in the USA, thus helping make tourist accommodations more profitable also.
Eventually, the loans would be forgivable, but meanwhile it would teach students the value of a dollar’s worth of education.
What’s that you say….? You mean somebody already thought of this idea?!
Huh! The remaining millionaires? Those millionaire celebrities? You mean millionaires have moved out because they don’t like the consequences of the beliefs they Support?
And to think that many actually wonder why Venezuela is in the current condition that it i. California is providing the country a primer on how to destroy a healthy economy and thriving society (at least it was many, many years ago).
How about if the federal government halts student loans for those attending colleges and universities with rich endowments until they show a plan to use them to pay part of their students’ tuition? Especially public colleges and universities.
And if anyone really believes the CA legislature will use that new tax money as intended I have a bridge to sell you in AZ.