How to Invest in Higher Education: A Financial Speculation Tax
by Rudy Fichtenbaum
President, American Association of Universtiy Professors
Professor of Economics, Wright State University
It is accepted as fact that “there is no [public] money” for higher education in our country today. And it is a political reality that the tax increases that could provide more revenue for it are often unpopular. Working Americans, suffering from high levels of unemployment and declining real wages, beleaguered by mortgage, college loan, and other debt, are understandably resistant to the idea of increasing taxes, even though they are being effectively “taxed” through higher tuition and other increased costs for public services.