Our take: University of Chicago business professor Luigi Zingales once again shows his chops as one the most creative defenders and thinkers about capitalism by reviving (and refining) and idea from Milton Friedman — allow investors to make equity investments in the human capital of promising young students. His opinion recently appeared in The New York Times:
Investors could finance students education with equity rather than debt. In exchange for their capital, the investors would receive a fraction of a students future income — or, even better, a fraction of the increase in her income that derives from college attendance. (This increase can be easily calculated as the difference between the actual income and the average income of high school graduates in the same area.)
This is not a modern form of indentured servitude, but a voluntary form of taxation, one that would make only the beneficiaries of a college education — not all taxpayers — pay for the costs of it.
- Doug Robinson: When money speaks louder than...
- Letter: Federal law violated
- About Utah: They go back to give back
- Frank Pignanelli & LaVarr Webb: Things are...
- My view: Religious freedom is a barometer for...
- Drew Clark: About-face by Apple Music shows...
- Letter: ‘Correct’ beliefs
- In our opinion: To aid the 60 million global...
- My view: Move the prison for the sake... 42
- Letter: Religion in office 35
- Letter: ‘Correct’ beliefs 32
- Letter: Federal law violated 32
- Letter: Patriotism has not died 28
- Doug Robinson: When money speaks louder... 28
- Dan Liljenquist: Time to relegate the... 27
- My view: Everything you think you know... 22