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.
- My view: MMR vaccine caused my son's autism
- Facts about the Boy Scouts of America
- Dan Liljenquist: IRS scandal is an assault on...
- In our opinion: Utah's caucus system needs...
- Michael Gerson: Common Core standards are not...
- Letters: No welfare, ever
- My view: UDOT listened, made a good choice
- Letters: Move to the center
- Letters: No welfare, ever 77
- Letters: Move to the center 36
- My view: Why moderates lost the caucus... 33
- Tolerance and the same-sex marriage debate 32
- Dan Liljenquist: IRS scandal is an... 29
- Richard Davis: Abortion laws should... 28
- In our opinion: Big screen exploitation... 27
- Robert J. Samuelson: Can Americans stem... 21