Stanford University Begins Marxist Tuition Policy
"To each according to his needs, from each according to his means..." Stanford University has decided to waive tuition, room and board for all families making less than $100,000 per year.
While this may seem like a benevolent idea at first, the problem is that universities are not regulated and can raise tuition by as much as they choose (note that tuition increases have been 3-5x the inflation rate over the past decade).
And this policy plays directly into the Left wing agenda of a "progressive" payment system where the "rich" are forced to pay for everyone else. Granted, with financial aid programs, schools can already effectively redistribute income as they see fit, but this policy seems a bit more blatant.
Perhaps Congress should consider a "windfall profits" tax on universities or set price ceilings, like they do for every other industry.
While this may seem like a benevolent idea at first, the problem is that universities are not regulated and can raise tuition by as much as they choose (note that tuition increases have been 3-5x the inflation rate over the past decade).
And this policy plays directly into the Left wing agenda of a "progressive" payment system where the "rich" are forced to pay for everyone else. Granted, with financial aid programs, schools can already effectively redistribute income as they see fit, but this policy seems a bit more blatant.
Perhaps Congress should consider a "windfall profits" tax on universities or set price ceilings, like they do for every other industry.
posted by Richie Rich | 8:45 AM
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