Skip to comments.Prop. 30 Taxes Diverted to Wall Street, Students Get Shafted
Posted on 11/16/2012 1:07:20 PM PST by massmike
Millions of dollars in new tax revenue earmarked for the University of California system as part of the states recently passed Proposition 30 will instead be routed to major financial firms, because of bad bets made by a Wall Street-influenced UC Board of Regents.
Proposition 30 was passed last week by California voters in part to stem the tide of perpetual tuition hikes and the rapid decline of public higher education in the state. But because of the Regents predilection for gambling with student tuition money, much of that new tax revenue will be routed away from tuition relief and toward the very Wall Street firms that with the Regents help created the financial crisis that accelerated the higher education crisis in California in the first place.
(Excerpt) Read more at capoliticalreview.com ...
I told everyone who would listen to me that the money would never make it to where they hoped it would go, alas to no avail.
Ha ha. What a scam. Like they didn’t know this before the election.
Oh, but it’s for the children.
...of the bankers.
Similar story in the SF Chronicle (the day after the election of course). As a faculty member in CA, I pressured big time to get out the student vote.
One notion that will never see the light of day in these dark little minds is that government subsidizing higher education is the cause of both the hikes in tuition and the decline in the quality of higher education.
Such an idea would suggest that bigger government is neither desirable nor necessary. Such ideas must not ever be voiced nor even considered.
Such ideas should be crimes against the people (government).
I hope this post doesnt warrant a sarcasm tag for obvious reasons.
What a surprise — students getting the education that they voted for.