Is it just me, but isn't an Income Share Agreement ... taxes?
Is this just a failure of government to supply the upfront investment in its citizens so that they pay enough tax in ten years?
Is this just a failure of government to supply the upfront investment in its citizens so that they pay enough tax in ten years?
No. Its profit sharing akin to how companies do so by issuing dividend paying shares.
So far as the government is concerned theyre just looking out for their most important stake holders, wealthy individuals and monied interests, by keeping taxes extremelly low. Universities being underfunded to the point they need to raise tuition to the point where students need to take on crushing debt is a byproduct of that.
Profit sharing with your citizens is basically government. I think ...
The difference is that taxing is done in the name of public/government interest whereas profit sharing is done in the name of private/individual interest.
and governments should see education if their citizens as an investment repayable through future taxes
A similar problem to that of businesses financing education of their current or prospective staff.
What Im saying is that although taxation and dividend distribution are both wealth redistribution from an individual/entity with capital they are different in wthe underlying reasons for why they are done and who the intended beneficiaries are.
You dont "have" to go to college nor get a job nor even have money to stay alive neither.
You dont "have" to be a top performer if it would mean sacrificing your time and well being but God in heaven help you if youre not.
You dont "have" to take out loans to go to med school but if you werent born into money well... tough titty.
The definition of taxes is that they are taken by the government.
If you optionally sign a contract for something, it's not taxes.