The College Graduate as Collateral (or let's sell our kids)

[salvorhardin]

Dumbest thing I've read today, next to the Gates Foundation wanting to put fMRIs in the classroom.

"Investors could finance students’ education with equity rather than debt. In exchange for their capital, the investors would receive a fraction of a student’s future income — or, even better, a fraction of the increase in her income that derives from college attendance. (This increase can be easily calculated as the difference between the actual income and the average income of high school graduates in the same area.)"

Link: https://www.nytimes.com/2012/06/14/opinion/the-college-graduate-as-collateral.html

...or we could just publicly invest in college educations for those who wish to pursue them, and then collect a small fraction of the increase in income that derives from college attendance. Oh wait... we do -- it's called progressive income taxation! The college graduate who earns more pays more in taxes than she would if she hadn't gone to school and gotten a better paying job. Pell Grants already function as venture capital with the country reaping the rewards of an investment that pays off. The country reaps rewards in multiple ways, not just in increased tax revenues, but also skilled workers who can do things like design buildings, educate our own kids, or save our lives. So why not just expand the Pell program?

[Luminous Animal]

1. Link?

[salvorhardin]

2. Added link

Got so frothing at the mouth mad that I forgot it.

[pnwmom]

4. I don't blame you. This sounds like a form of slavery to me. n/t

[Poll_Blind]

3. Nice! New and creative forms of indentured servitude coming back into style!

College student takes deal, gets married, dies in car accident and investors sue wife to recoup monies they calculate they would have realized. Pro-rated, of course.

PB

[Quantess]

5. I see this as further shifting to privatization

In other countries where higher education is largely or completely govt funded, society in general pays off when the graduates esrn more and pay higher taxes.

[salvorhardin]

7. Yes, exactly

It's another way of extracting money from the people.

[RainDog]

6. slavery - is that always the goal of capitalists?

apparently.

they have been willing to undermine this nation in search of cheap labor overseas for more than a decade.

they're sort of repulsive like that.

they want to OWN people rather than consider a common good for the general well being of the nation. they have no patriotism, iow.

[Sirveri]

10. It is ALWAYS the goal of capitalists to enslave labor.

They started out with real slaves. Then when they couldn't do that anymore they enslaved them with poverty and share cropping. When labor finally got a bit of help from the inside because capitalism ate itself they tried to have a coup and enslave the populace again, then figured out it would be easier to just slowly dismantle all the progress they made later on. Now we're getting back to the point, they'll use the loophole in the 13th to re-enslave the blacks, and now they reintroduce indentured servitude for the whites.

[Luminous Animal]

8. Hahaha! As if intenture servitude was not a "ivoluntary form of taxation"..

"This is not a modern form of indentured servitude, but a voluntary form of taxation, one that would make only the beneficiaries of a college education — not all taxpayers — pay for the costs of it"

Does the writer really believe that indentured servants didn't volunteer for their servitude?

[Evoman]

9. Sounds like a novel I read not too long ago....The Unincorporated Man.

It's a pretty easy read and not too bad....maybe a bit too libertarian.

http://en.wikipedia.org/wiki/The_Unincorporated_Man

[Egalitarian Thug]

11. The Booth School of Business at the University of Chicago. That's all you need to know

in order to understand that idiocy follows.
K&R

[Zalatix]

12. Indentured servitude is back. Why am I NOT surprised.

[Sancho]

13. How about paying teachers a percent of everything you earn?

Even .001 % from every student?