Jindal’s college fee Ponzi scheme Thursday, Mar 5 2015
Smoking is how I afforded LSU Med School
Bobby Jindal has proposed to increase college fees on student and parents in order to reduce the severity of the cuts he made to Higher Education.
In order to lessen the burden of the new increase on the students and their families Jindal is proposing an end-of-year refund for the additional fees.
To provide revenues for the refunds, Jindal is proposing a $100 Million cigarette tax increase.
While no legislation has been introduced for us mullets to peruse, this Rube Goldberg plan appears to have some significant flaws.
–There is no guarantee that the cigarette tax increase will pass. That, however, does not preclude the college fees from increasing.
–Even if the cigarette tax passes, there is no guarantee that it will produce enough revenues to provide the students and their parents a full refund for the new fee. At best, it will be pro-rated.
Can’t you see the new cigarette ad campaigns sponsored by the Student Government Associations: “Save money; light up for the students!”
Most likely scenario
If recent history is any judge, the leges will authorize the fee increase. The leges can blame any increase on the unelected college boards which will be the ones to actually impose it.
Because it is an election year the last things the leges want on their record will be a tax increase even if it is on cigarettes. Thus, the refund revenues will not exist or at least not in an amount to provide 100% refunds.
The end result will be another substantial hike in the cost of college for students and their families.
“King of Subversive Bloggers” – James Gill
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