With the greatest respect, I must challenge you on your broad ertion of ‘earned success’.
We know from countless studies that people that are born into a wealthy remain wealthy in the vast majority of cases — and that people who are born into erty remain poor in the vast majority of cases.
Contrary to perceptions (which are often wrongly held as they’re loosely based on fact) the odds of moving from wealth to erty — or from erty to wealth — in a per’s lifetime are incredibly slim.
In 98.5% of all cases, if you’re born wealthy, you’ll remain wealthy — you didn’t ‘earn’ it — you simply had the dumb luck of being born into the top quintile.
Our civilization should stop penalizing people for the apparent crime of being born into the wrong , or being born into the wrong generation (ask the Millennials about ‘lowered expectations’)
And yet, so easy to fix.
By doing as several countries have done, namely, providing free education to all people (maybe their grades won’t qualify them for an Ivy League education, but any accredited would suffice) not only would we wipe out multi-generational erty, but also lower crime stats concomitantly.
We see these things in b relief in countries like Norway, Sweden, Germany, Austria, and Chile where since introducing free education, all markers from productivity, to social tranquility, to dramatically lowered crime stats, to unemployment, and even intangibles like a wider and more wholesome worldview suddenly appeared in their national statistics database.
When everyone has one degree by age 22, the bad stats fall and the good stats increase!
Who is going to mope around the United States unemployed for any length of time with a valuable degree tucked under their arm? Not one per!
They will be taking off to Canada, to Europe, to Africa, etc. to there, to act as ‘brand ambadors’ for the United States, and to broaden out America’s contact list of potential pners.
I could write a book on this!
Anyways, it’s all good. The question is; How to afford it?
There are many ways to consider, such as tax increases, kinds of taxes for America such as a federal Goods and Services Tax (GST) that is split 50/50 with states, an import tariff, per tax breaks for universities, or (my favorite) s serve one year of U.S. military service in order to obtain one free degree.
FROM: Solving Youth Unemployment and High Student Debt in America Media a military draft.
>It’s not like we’re going to war, or that we’re likely to st a war, anytime soon.
>Each per should be required to serve one year of compulsory military service (their gap year) and be free to choose when they want to serve their military service — as long as it’s successfully completed by age 25.
>Maybe the U.S. Army Corps of Engineers could pner-up with Hatat for Humanity to get the cadets some hands-on experience and see world problems and solutions, hand.
>With significant numbers of s fulfilling their ‘gap year’ responsilities to the military, it leaves that many fewer s to compete for the same s or internships.
>Which will obviously drive up demand among their typical employers, and thereby drive up their wages — thereby making demand for their employment comple to the demand experienced by their parent’s generation.
>Not only would these learn valuable skills, they would form lifelong ships and have the opportunity to meet other from all ps of the country and from all walks of life.
>And a s at a quality with decent pay once they complete their ing.”
Read More: Media course, this would require a modest boost to the military budget of 5% (simply reversing a portion of the military cuts in recent years)
EVEN IF (and yes, I’m still a deficit hawk) it meant adding another 1% debt-to-GDP in order to accomplish this, so many other costs would fall that it would become a Win-Win for America in very short order.
Costs like erty alleviation schemes, lessness, crime, policing, court costs, inceration costs, and many other wholly unnecessary costs could be reduced or eliminated merely by adding one degree to each per’s life experience/résumé.
“Some 46 million people, about one-seventh of the US population, receive monthly [SNAP and other] benefits totaling $75 llion per year. Despite its widespread use, the government estimates that only about 70% of those who are eligible receive benefits.” — Min Feldstein
That’s failure by any standard.
I the negative tax idea as you’ve outlined it here. If the compulsory gap-year military service/one free degree/5% Pentagon budget increase doesn’t fly, then I’d enthusiastically endorse that proposal.
Thank you for this brilliant and informative essay, Min.
As always, very regards, BS
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