Higher Education: From a Hand Up to a Slap Down in a Generation
The deal on public university education a generation ago: If you’ve made it in life, that’s great. Chances are you did it with help. So take a portion of your income and pay taxes to help others make the most of themselves through a low-cost public university education. When they succeed, they’ll take a portion of their higher income and help the next generation’s brightest minds make the most of themselves too.
The deal on public university education in this generation. If you’ve made it in life, don’t look around and notice how much help you got. Keep every last penny. Hire a lobbyist to demand tax cuts so you can get an even fancier car, then demand spending cuts on education: “from 2001 to 2011, state and local financing per student declined by 24 percent…”. When universities raise tuition to compensate for decreased taxpayer funding, blame it on the greedy public university professors, even though on average public universities pay lower faculty salaries than private universities and faculty salaries have been flat while tuition has gone up. In the meantime, watch student debt go up: “94 percent of students who earn a bachelor’s degree borrow to pay for higher education — up from 45 percent in 1993…”. As a member of the wealth class, enjoy the income you receive from all the interest students pay on their whopping debt, debt that makes it harder, not easier, for the next generation to do as well as you. As you slap down the next generation to fatten your own pocketbook, complain about kids these days and hire a security guard to keep their stinking protests away from the next shareholders’ meeting.