Wednesday, January 4, 2017

New York State considers an extension of its expensive and regressive subsidies for higher education

NY State considers extending its expensive and regressive subsidies for higher education. A few thoughts:

a.) means-testing the subsidies helps with some equity/fairness angles, but probably hurts its efficiency
b.) this extends the govt-created higher-ed bubble; why do we have so much college debt? a culture that has encouraged debt generally and a government that subsidizes it in higher ed

c.) if it's good that these students can attend many public NY university, why not extend the same to K-12 students?

d.) the answer to that question is related to another implication of the higher education subsidy: a bi-partisan passion for crony capitalism and reversing Robin Hood


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