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In reply to the discussion: Soak the rich? Americans say go for it [View all]the_sly_pig
(752 posts)I graduated from university in 1986. Over the course of my six year experience I racked up $3000.00 in student loan debt. I was lucky. The last two years of my undergrad I worked for the U as a full time employee, a janitor, and part of my benefit package I was awarded 8 credits per quarter. Thats right, we used quarters. My parents were able to afford paying tuition along the way because tuition was about $1600.00 per quarter. I paid for everything else.
My wife also graduated owing about $40,000.00 but she mostly lived in on campus student housing. She graduated in four years. She graduated in 1989.
My point is that corporate taxes and taxes on the wealthy subsidized our collective college experience. As taxes on the wealthy have decreased, the responsibility for making up the cost has fallen on the individual.
But the lowering of costs is not only related to taxes. When public utilities ask for an increase in residential rates and a decrease in commercial gas and electric rates, citizens increasingly subsidize commercial gas and electric rates.
When senior housing companies dont provide trained, on site medical staff but instead rely on local police, fire and EMS , the public subsidizes corporate profits from those already vastly overpriced residences.
I am absolutely convinced that our national problems are not the result of a lack of money. I could be wrong, but I doubt it.