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Vince Cable set to propose graduate tax

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Comments

  • MissMoneypenny
    MissMoneypenny Posts: 5,324 Forumite
    Perhaps if students did their research first and found out what degrees employers wanted: what univiersities employers wanted and what grades they would take, the student could fund own higher education. I don't think the clever students should fund the not-so-clever students. Nor should the taxpayer have to fund the salaries of staff at some of the little wanted, universities.
    RENTING? Have you checked to see that your landlord has permission from their mortgage lender to rent the property? If not, you could be thrown out with very little notice.
    Read the sticky on the House Buying, Renting & Selling board.


  • olly300
    olly300 Posts: 14,738 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Pennywise wrote: »
    Easy solutions:-

    1. Scrap the ridiculous 50% target.
    That's been very quietly scrapped.
    Pennywise wrote: »
    2. Scrap the poly-unis
    That's not the problem.

    Some former polytechnics have very good departments in one or two subject areas however to get more funding from the government they will run popular but cheap courses that they are no good at all.

    Pennywise wrote: »
    3. Beef-Up the local colleges and poly's for far more "trades" courses such as plumbing, electricians, builders, joiners, etc - not just hairdressing and media studies!
    Courses like Media studies are cheaper to run.

    Trade courses like science, technology and engineering courses require the college/university to pay for a specific set up i.e. fake walls to plaster plus they have to pay more staff to show the students what to do.

    Students pay the same fees whether they are doing English or Mechanical Engineering yet a mechanical engineering student requires the university to provide more resources.
    Pennywise wrote: »
    4. 1-4 will greatly reduce the need for students to live away from home, thus saving their parents shed loads of money in paying rents and living costs. Parents can then use the money saved to pay course tuition fees, books & materials, reducing need for overdrafts and student loans.
    Government is already looking at ways where local colleges can run courses on the behalf of universities. A bit like when polytechnics' degrees where awarded by their closest university.
    Pennywise wrote: »
    5. More students living at home because they're studying close to home - leads to them being able to get low paid jobs (i.e. apprentice and trainee positions) because of not paying market rent etc. If training wages are less, firms take on more trainees, trainees gain experience, work up the ladder, get better pay/jobs, then can afford their own rent/mortgage etc. Students happy, firms happy.
    Students don't pay the same rent as professional people in the majority of university towns anyway.
    Pennywise wrote: »
    I really don't see all the fuss made about students needing the Uni life to gain independence, new cultures, etc. Uni is still not the real world. Once you leave, you still have to learn to be properly independent. I didn't go to uni,
    Then you obviously know absolutely nothing about the experience to talk about it.

    When I was a uni a significant number of students never went home during the summer holidays and only spent a few days at with their parents during the rest of the holidays. The reason was my university was in a city and quite a lot of students lived in rural locations far from anywhere. So if they wanted work they were better off staying at in the city.

    Plus there were also some who while they had parents who were happy to sign their forms for funding made it very clear that they didn't want them to come back and live with them.
    I'm not cynical I'm realistic :p

    (If a link I give opens pop ups I won't know I don't use windows)
  • Kohoutek
    Kohoutek Posts: 2,861 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    No they're not - but they've had something extra from the tax 'pot'. Others who haven't had this also pay tax.

    I ask you again, why is it unreasonable for them to pay back the investment in their future career?

    Do you understand the point that since graduates tend to earn more than non-graduates, they are paying more tax, and hence making a net positive contribution to the funding of higher education, which is the same as 'paying back'.
  • ILW
    ILW Posts: 18,333 Forumite
    Kohoutek wrote: »
    Do you understand the point that since graduates tend to earn more than non-graduates, they are paying more tax, and hence making a net positive contribution to the funding of higher education, which is the same as 'paying back'.

    Cannot agree with you.
    If someone is earning say £100k PA without having used any taxpayers money to get them there, they should be paying less tax than someone who has used others taxes to help them. Seems pretty simple and fair to me.
  • Kohoutek
    Kohoutek Posts: 2,861 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    ILW wrote: »
    Cannot agree with you.
    If someone is earning say £100k PA without having used any taxpayers money to get them there, they should be paying less tax than someone who has used others taxes to help them. Seems pretty simple and fair to me.

    Not really - that makes no sense at all. The amount of tax you are liable for has no relationship with the amount of government services you use.

    If you want some kind of 'pay as you go' system, then you must be in favour of the privatisation of all government services.
  • FTBFun
    FTBFun Posts: 4,273 Forumite
    ILW wrote: »
    Cannot agree with you.
    If someone is earning say £100k PA without having used any taxpayers money to get them there, they should be paying less tax than someone who has used others taxes to help them. Seems pretty simple and fair to me.

    Having a large number of people well educated benefits society as a whole. I don't why this should be penalised.

    Do you think your doctor should be taxed more for having the audacity to go to medical school?

    I think there's a lot of jealousy on this thread.
  • ILW
    ILW Posts: 18,333 Forumite
    FTBFun wrote: »
    Having a large number of people well educated benefits society as a whole. I don't why this should be penalised.

    Do you think your doctor should be taxed more for having the audacity to go to medical school?

    I think there's a lot of jealousy on this thread.

    If it was funded by others who for whatever reason did not, then yes.
  • Kohoutek
    Kohoutek Posts: 2,861 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    FTBFun wrote: »
    Having a large number of people well educated benefits society as a whole. I don't why this should be penalised.

    If anything it should be encouraged. Having more skills available in the economy benefits the wealth of society as a whole.

    Maybe the problem at the moment is that too many graduates aren't very good finished products - but that could be addressed by reducing the funding/places to poorer quality academic courses and universities, and trying to increase the number of vocational courses.
  • ILW
    ILW Posts: 18,333 Forumite
    OK, maybe try the other approach.
    Should those that did not have the benefit of state funded higher education pay a lower rate of tax?
  • Kohoutek
    Kohoutek Posts: 2,861 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    ILW wrote: »
    OK, maybe try the other approach.
    Should those that did not have the benefit of state funded higher education pay a lower rate of tax?

    No, because taxation isn't supposed to work like that.

    You could apply the 'should pay less tax argument' to many other situations:

    Someone who has never received an operation on the NHS
    Someone who sent their children to private schools
    Someone who has never used state-subsided public transport
    Someone who has never received state benefits
    Someone who didn't go to sixth form
    Someone who has never received any state-subsidised training or education (other than university) after 18.
    Someone who lives in an area where there are no net regional subsidies.
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