NAICU - Why subsidize wealthy college kids?

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Why subsidize wealthy college kids?

CNN.com - Opinion Piece

March 8, 2010

Most individuals assume that UC Berkeley and Stanford are equivalent institutions but the cost this year is roughly $25,000 at Berkeley and $50,000 at Stanford. Why should someone who can afford the cost of Stanford get a price reduction at Berkeley? If Californians want a system that effectively subsidizes a free college education for all who qualify, they need a tax structure that pays for it. If voters are unwilling to raise taxes, then those who can afford to pay for college should, and scarce tax dollars should go to those who would otherwise will be blocked from attending.

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