California to Provide Free College by Taxing Millionaires

[NightHawkeye]

California to Provide Free College by Taxing Millionaires

Assemblyman Susan Eggman (Democrat) has proposed a plan to cover the cost of tuition and fees at California public colleges by imposing a new 1% annual tax on household incomes of greater than or equal to $1 million.
...
Eggman claims that the new 1% tax on millionaires will generate a state income of approximately $2.2 billion each year. She didn’t say if this figure factors in the households that will leave the state or find other ways to reduce their income to avoid paying yet another new tax.
​

Warren Buffet would be proud.

 

[GeorgeJ]

Assemblyman Susan Eggman (Democrat) has proposed a plan ​

Thread title misleading.

According to the link:
"This bill has to be approved by two-thirds majorities in both houses of the California state legislature. If that happens, then the measure goes before the voters for final approval."
​

 

[SeventyOne]

Liberals just love other people's money.

 

[Armoured]

An yet I bet you guys would accept treatment from a doctor who was trained under such a program

 

[South Bound]

California to Provide Free College by Taxing Millionaires

Assemblyman Susan Eggman (Democrat) has proposed a plan to cover the cost of tuition and fees at California public colleges by imposing a new 1% annual tax on household incomes of greater than or equal to $1 million.
...
Eggman claims that the new 1% tax on millionaires will generate a state income of approximately $2.2 billion each year. She didn’t say if this figure factors in the households that will leave the state or find other ways to reduce their income to avoid paying yet another new tax.
​

Warren Buffet would be proud.

So, not only is it immoral, it will drive college tuition costs up further.

Good job California.

 

[Armoured]

So, not only is it immoral, it will drive college tuition costs up further.

Good job California.

Sounds like a good reason to cap costs, or deaccredit "for profit" tertiary training.

 

[archer75]

I feel so disoriented in these college discussions.

The only reason some people are so desperate to "go to college" is that they believe it'll help them not to end up in the gutter.

I'm for the availability of all forms of education and training to people interested in them -- liberal education, medical, circuit design, auto repair, whatever -- and think said programs should be considered a public good, available to all and paid for with public resources.

As long as "college" is a thing where people go and fearfully stagger through some of the prime years of their youth in hopes of not ending up homeless...I'm not so much for expanding access to it, since I expect that expanding access to it in fact does cause bloat and irresponsible behavior on the part of (many, not all) employees of these institutions. But I don't agree with most people who would say that. I guess since I'm also for some form of (liveable) basic universal income, it makes sense to me.

 

[jayem]

It's nice to see some concern for the economic welfare of wealthy Hollywood liberals. George Clooney and Ellen DeGeneres will appreciate it. Maybe Oprah will give you new cars.

 

[AirPo]

It's nice to see some concern for the economic welfare of wealthy Hollywood liberals. George Clooney and Ellen DeGeneres will appreciate it. Maybe Oprah will give you new cars.

Freshmen are not allowed to have cars on campus.

 

[Armoured]

It's nice to see some concern for the economic welfare of wealthy Hollywood liberals. George Clooney and Ellen DeGeneres will appreciate it. Maybe Oprah will give you new cars.

All our Usual Suspects make over $1 million a year, didn't you know?

 

[NightHawkeye]

It's nice to see some concern for the economic welfare of wealthy Hollywood liberals. George Clooney and Ellen DeGeneres will appreciate it. Maybe Oprah will give you new cars.

I'm sure all three must be overjoyed to contribute more to help educate new viewers.

 

[Redac]

Freshmen are not allowed to have cars on campus.

They were at my school.

 

[AirPo]

They were at my school.

Well, my sample size is quite small.

 

[Albion]

Thread title misleading.

According to the link:
"This bill has to be approved by two-thirds majorities in both houses of the California state legislature. If that happens, then the measure goes before the voters for final approval."
​

In LaLa land, neither of those requirements looks likely to derail a proposal like this one that's based upon the idea of stealing from someone else so that I can have free stuff. The Founding Fathers worried about the "Tyranny of the Majority," but of course they didn't know that we'd have a living laboratory for such a thing in California.

And by the way, as soon as college is free of tuition and fees, you can expect the cost of both to rise dramatically and for other expenses to be created. That's what happened when the government got into the business of Pell Grants and loans, so this will be even more likely to produce that result. And each campus will naturally need to start building projects like crazy. Plus, California, which welcomes every illegal immigrant, even criminals, will certainly consider it unfair to prevent out of state students from moving to California in order to become in-state students.

 

[Redac]

Well, my sample size is quite small.

As is mine, admittedly.

 

[GeorgeJ]

In LaLa land, neither of those requirements looks likely to derail a proposal like this one that's based upon the idea of stealing from someone else so that I can have free stuff. The Founding Fathers worried about the "Tyranny of the Majority," but of course they didn't know that we'd have a living laboratory for such a thing in California.

And by the way, as soon as college is free of tuition and fees, you can expect the cost of both to rise dramatically and for other expenses to be created. That's what happened when the government got into the business of Pell Grants and loans, so this will be even more likely to produce that result. And each campus will naturally need to start building projects like crazy. Plus, California, which welcomes every illegal immigrant, even criminals, will certainly consider it unfair to prevent out of state students from moving to California in order to become in-state students.

You'll get no argument from me on that...just pointing out it hasn't happened....yet. It'll be to their own detriment if they do. That whole left coast is a cesspool of ignorance.......

 

[Albion]

You'll get no argument from me on that...just pointing out it hasn't happened....yet. It'll be to their own detriment if they do. That whole left coast is a cesspool of ignorance.......

I knew that. You just gave me the opportunity to throw in my own thoughts.

 

[jayem]

All our Usual Suspects make over $1 million a year, didn't you know?

Heck, a million bucks is lunch money to some of those folks. Beyonce and Jay Z make that in 3 days.

 

[NightHawkeye]

Heck, a million bucks is lunch money to some of those folks. Beyonce and Jay Z make that in 3 days.

Bill Clinton makes that in mere hours.

 

[AirPo]

Heck, a million bucks is lunch money to some of those folks. Beyonce and Jay Z make that in 3 days.

They only eat lunch once every three days?