Let the rich pay for tuition
It is imperative that the fiscal deficit be reduced, and be reduced substantially. This will involve a major “sacrifice” from the populists. But isn’t there some way that the rich could share in this burden of adjustment? It turns out there is — start asking the rich to pay more for tuition at government-run “institutions of higher learning” hereafter. These institutions, like their counterparts in the private sector, come in different sizes and shapes of quality. Many are first-rate institutions, though it is particularly sad, and surprising, that none of our finest institutes figures even in the top 200 of the world.
How to improve quality is a larger subject best left for another occasion. Though it is possible that tuition increases at government colleges will motivate them to perform better as they seek to attract more students. At present, it is very unclear whether students are attending government colleges for their quality, or their cheapness.
All forms of education have “externalities”. That is why education —
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