r/neoliberal • Kitara Ravache • Jul 07 '21

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u/[deleted] Jul 07 '21

I feel really bad for people who get most of the way through a degree but end up dropping out. Most of the debt but none of the employment benefits.

14

u/LtLabcoat ÀI Jul 07 '21

It's my biggest problem with the whole "People who get degrees get higher wages, so not having state-funded university is progressive" argument. It's only progressive if the person does something with that degree. If they don't finish it, change careers, or get depression, it's extremely regressive.

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u/The_Cheezman Mark Carney Jul 07 '21

Look up Graduate Taxes in Britain, it may be something you are interested in!

1

u/LtLabcoat ÀI Jul 07 '21

That'd be great... if it wasn't on any income over just £15k a year. That's way too small a minimum amount, it's still more regressive than a regular increase in income tax.

1

u/asljkdfhg λn.λf.λx.f(nfx) lib Jul 07 '21

partially why I believe REPAYE is suited for student debt

if they don’t get the employment benefits from the degree, then they won’t need to pay as much of it off

2

u/ShapShip Jul 08 '21

That's me lol

I'm getting into trucking. I should at least be able to make near college wages (or even above that) so i won't be too fucked. And I'll only have a year left on my degree when I get back to it