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B986 – Reduction of Tuition Fees Bill 2016 (Second Reading) Watch

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    (Original post by Nigel Farage MEP)
    The very large number of non-graduates compared to the number of graduates means the bill of educating university students can be shared among all tax payers. It would be cheaper for all taxpayers to pay a tiny bit extra in tax than the graduates paying all of their own tuition fees. That does not mean there should be a flat-rate tax, it means some of the tax revenue from non-graduates can be used to subsidise the tuition fees of graduates to make university education cheaper than if the graduates had to pay for it themselves.
    Except the graduates are the high earners paying the taxes.
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    (Original post by Jammy Duel)
    Except the graduates are the high earners paying the taxes.
    In some cases, but it is still cheaper to have the other 68% help subsidise tuition fees than have 32% cover them all. Think of it this way, it is cheaper for 31m people in work to pay a very small proportion of their tax to cover tuition fees that it is for all graduates to pay a larger proportion of future income in tax to cover student debt.
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    (Original post by Nigel Farage MEP)
    In some cases, but it is still cheaper to have the other 68% help subsidise tuition fees than have 32% cover them all. Think of it this way, it is cheaper for 31m people in work to pay a very small proportion of their tax to cover tuition fees that it is for all graduates to pay a larger proportion of future income in tax to cover student debt.
    Or if you want to do this you actually step the system back two decades and then you can afford full subsidy and a tax cut with no real loss for the nation?

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    I've been thinking about this a fair bit.

    Fix the costing (it's going to cost a fair bit more than that) and it's an Aye
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    nay
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    Costing still not explained. Nay.
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    This bill is in cessation.
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    This bill has gone to a third reading.
 
 
 
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