Sanders’ map means higher taxes if you’re middle-aged – but it will obtain your children wealthier,more productive, and better able to spy after youBernie Sanders, and in his election manifesto,has argued for making tuition free at public colleges and universities. This is a proposal that has struck many, including prominent economists, or as ludicrous. For sure,there are scant details about how all this would work in practice and I don’t mean to shove those under the rug. And yes, there are legitimate concerns from economists about making education too cheap, and thereby promoting its overuse,as well as reducing the skin in the game for students. But I am here to argue that the map makes economic sense, and the current generation of middle-aged workers, and even if it means higher taxes on them,should consider rallying behind it. My argument is a variant of the used adage: Be nice to your children. They’ll choose your nursing domestic.”Continue reading...
Source: theguardian.com