The act would generate an estimated $4 billion a year in revenue. This revenue would go directly to funding free public college for the 2.6 million students at California’s community colleges and universities. Funds would come from the reinstatement of the state’s estate tax, paid solely by the state’s multimillionaires and billionaires. The tax was eliminated in 2005. Interestingly, this was not because state voters or legislators decided to eliminate the tax, but rather resulted from the Bush tax cuts—for reasons that I’ll explain later. Up until the 1970s, public higher education in California was virtually free…

Read full article [here].
by Chuck Collins, The Nation.

Posted: February 6th, 2018, by: admin. Categories: . Awaiting Comments.