Saturday, June 26, 2010

Ed Miliband Proposes "Graduate Tax" in UK

Here's a novel idea: Ed Miliband, contender for the Labour Party leadership in the UK, has proposed replacing college tuition with a "graduate tax," allowing students to amortize their educational expenses over a lifetime of higher earnings. Given the hostility in France to university tuition and the emphasis on equality, this might be a way to increase funding of French universities without unduly burdening the families of students while reducing the growing inequality due to increasing returns to education.