Sunday, October 25, 2020

Apparently Georgetown Hires Idiots

Some fools pay $70K/year to Georgetown so their children will be "educated."

Researchers from Georgetown University are claiming that Democratic Presidential nominee Joe Biden’s "free" public college plan would pay for itself within ten years.

According to the “Biden Plan for Education beyond High School,” a Biden administration would make public colleges and universities tuition-free for families with incomes below $125,000. As “part of Senator Sanders and Congresswoman Pramila Jayapal’s College for All Act of 2017,” this plan “will help roughly 8 out of every 10 families.”...

Do tell!

...In September 2020, Professors Anthony Carnevale and Jenna Sablan of Georgetown University announced a report stating that “the total price tag for the Biden plan would reach $683.1 billion" in its first ten years, with a total benefit of $1.2 trillion in the same period. They cite increased earnings among lower and middle-class Americans, which would increase tax revenues....

Then some nasty-ass guy comes along with a question:

...Campus Reform spoke with Carnevale, who acknowledged that a tax increase will be necessary to fund the program. As long as the tax hikes come in the form of wealth or inheritance taxes, Carnevale said that “the way he pays for it in the end should not have much impact on the economy… in the sense that it shouldn’t slow down GDP.”...

 ' long as the Government sucks dry one's estate or one's accumulated capital..........' it will not have much impact on the economy.



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