Our failure to enact racial and economic justice in higher education costs the United States close to $956 billion per year, write Anthony P. Carnevale and Kathryn Peltier Campbell.
Yves here. I hate to sound like a naysayer, but American needs more than community colleges to reverse the march of rising income inequality. We need much higher income taxes on top brackets, no or a very severely restricted capital gains tax break, and higher estate taxes, as well as stronger protections of worker rights. Even though “upskilling” sounds all well and good, the reality is that there aren’t all that many who will benefit from going to community college, much the less attain a middle class income from that level of education. The PMC “Let them eat training” has repeatedly been shown to be empty, particularly for older workers. And that’s before getting to a geographic mis-match: that workers too often wind up in declining areas, but lack the contacts and the walking-around money to get situated in a new location.
Companies, wealthy must pay fair share to fund college, childcare: Biden
Reuters | May 03, 2021 04:18 PM EDT
U.S. President Joe Biden and First Lady Jill Biden leave Marine One helicopter to board Air Force One for travel to Virginia from Joint Base Andrews, (Photo : REUTERS/Jonathan Ernst)
President Joe Biden on Monday called on wealthy Americans and corporations to pay their fair share to fund free community college and other benefits for workers as he promoted his sweeping jobs and safety-net plans at schools in Virginia.
Speaking at Tidewater Community College in the port city of Norfolk, Virginia, Biden said his proposed expansion of the U.S. public education system would rebalance the economy and benefit lower-income Americans.
Biden pushes 17 years of free school, asks companies and wealthy to pay fair share
The Democratic president faces significant opposition from Republicans to his tax and spending plans, even with his promise that individuals making less than $400,000 annually will not be affected. Democrats hold slim majorities in the U.S. House of Representatives and Senate.
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Jeff Mason / Reuters | 6:16 pm, May 3, 2021 ×
U.S. President Joe Biden and first lady Jill Biden visit Yorktown Elementary School in Yorktown, Virginia, U.S. May 3, 2021. REUTERS/Jonathan Ernst
NORFOLK, Va., May 3 (Reuters) - President Joe Biden on Monday called on wealthy Americans and corporations to pay their fair share to fund free community college and other benefits for workers as he promoted his sweeping jobs and safety-net plans in Virginia.