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Submitted by Harry Patrinos on

Thank you John. There are certainly social benefits associated with investments in education. We have reported on those elsewhere and others have done very good work. But I haven’t been able to figure out how to apportion the social benefits by level of education. On your point about taxes, there may very well be other reasons for a more progressive tax system, but in terms of financing higher education one needs more funding, and if we are to further expand access, then the only fair option is to use future earnings. Income contingent repayment programs have been very good at generating resources for higher education while not penalizing the poor. It has worked very well in Australia, for example, see among others: http://www.universityworldnews.com/article.php?story=20150305123821344. Thank you, Harry