UC Punishes Students
It was announced last week that UC is increasing student fees by 32%.This is from an institution that makes the bogus claim that it does not charge tuition.As private colleges often point out, when the sum of all school fees are compared to tuition at private colleges they are much more equal than advertised. So if I am a UC student and I somehow manage to pay 32% more will I be getting smaller class sizes, more library books, or better computer access?No, around a third of the student fee money, including the increase, will subsidize the fees of poorer students.Here we see the classic effect of distributive schemes: Raise costs on one group so that money can be given to others.The higher costs result in greater numbers who cannot afford to pay. Eventually the enterprise runs out of other peoples’ money.Lost is the simple notion that if the fees were … Read More