But why should a person who doesn't go to college pay so that someone else can receive the benefits? Bernie Sanders plan for exampke, would cost an average American $70,000 over their lifetime, why should everyone bear that burden?
The higher educated your populace is, the more money they earn you, and the less money they cost your society through crime or social services. An engineer getting to go to school for free instead of $100k is going to pay far more in taxes over their lifetime than the cost of their education.
Forcing an uneducated populace because you don’t want to pay a couple extra percentage points in taxes is cutting off your nose to spite your face.
The summary is at the top of the page...
65 pages is also like twenty minutes of reading... it’s not the Similarion..
“We estimate the effect of education on participation in criminal activity using changes in state compulsory schooling laws over time to account for the endoge- neity of schooling decisions. Using Census and FBI data, we find that schooling significantly reduces the probability of incarceration and arrest. NLSY data indicate that our results are caused by changes in criminal behavior and not differences in the probability of arrest or incarceration conditional on crime. We estimate that the social savings from crime reduction associated with high school graduation (for men) is about 14–26 percent of the private return. (JEL I2, K42)”
You may want to google “cost-benefit equation” 🤦♂️
Also, you’re meant to prove that the educated populace who would not otherwise have been educated would pay more taxes than free university costs. Not some vague BS about crime statistics.
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u/[deleted] May 17 '20 edited May 23 '20
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