Taxing the Rich Will Not Fix Higher Education
Republicans should tackle higher ed reform in real ways and offer better ideas than this tired one.
George Leef of See Thru Edu reported.
Magical Thinking: Tax the Rich More and America’s “Education Gap” Will Disappear
The New York Times provides a constant stream of articles showing the unshakable liberal belief in the benefits of redistribution. An excellent example is Eduardo Porter’s piece entitled “A Simple Equation: More Education = More Income.”
Liberals, as we know, obsess over statistical gaps of all kinds. Almost any such gap between groups in society is an excuse for more government involvement, and the income gap between rich and poor is at the top of their list. Porter informs us that between 1979 and 2012, the earnings gap between families headed by college graduates and those headed by high school graduates grew by $30,000 after inflation.
Of course, he has a solution for this terrible situation – higher taxes. Porter argues in favor of a new tax on the rich, one that would keep the “one-percenters’” share of “the nation’s income” (to liberals, a nation earns income, not the individuals who compose it) were reduced to its 1979 level of 10 percent. The take from that tax would enable the government to write a check to every other family for over $7,100.
Then what? Porter maintains that much of the money would be spent – actually, “invested” – in higher education. According to statistics, “American workers with a college degree are paid 74 percent more than those with only a high school degree, on average….” Naturally, the non-rich who receive that whopping check will choose to put their children through college, thereby reducing the awful income gap.
It’s so simple. More education equals more income.
No article could better prove that leftists never pay any attention to their critics. Porter’s suppositions in the article have been torn to shreds over and over, but he is blissfully unaware of that.
Magical Thinking: Tax the Rich More and America’s “Education Gap” Will Disappear (See Thru Edu)