Providing free college tuition in California is a good idea — but taxing millionaires to do it is a bad one
Eggman has introduced a bill to pile an additional 1% surcharge on those million-dollar earners, lifting the top rate to 14.3%. The roughly $2 billion collected would cover all the California resident tuition costs not already being funded by various grants and financial assistance to lower- and middle-income students at the public universities… If free tuition is good public policy — and it certainly was for my generation — then the broad public should pay for it, not just a few rich people… California provided tuition-free college for generations. It helped California achieve greatness by broadening the middle class and offering opportunities for upward mobility not available in other states. It was an economic engine.
Read full article [here].
by George Skelton, The Los Angeles TImes.