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Path: utzoo!utgpu!water!watnot!watmath!bstempleton
From: bstempleton@watmath.UUCP
Newsgroups: can.politics
Subject: Re: who should pay for education. sort of.
Message-ID: <5538@watmath.UUCP>
Date: Mon, 2-Mar-87 00:21:52 EST
Article-I.D.: watmath.5538
Posted: Mon Mar  2 00:21:52 1987
Date-Received: Mon, 2-Mar-87 20:30:39 EST
References: <215@fornax.uucp>
Reply-To: bstempleton@watmath.UUCP (Brad Templeton)
Distribution: can
Organization: U. of Waterloo, Ontario
Lines: 27

In article <215@fornax.uucp> chapman@fornax.uucp (John Chapman) writes:
>Insist that people whose tuition is paid sign
>a promissory note for the full cost of their education which would
>become payable if and when they decided to leave the country on a
>permanent basis.  

Reasonable, if you allow them to deduct, yearly from their debt the difference
between their taxes and the mean income tax of the average Canadian.

If the medical education costs $200,000, and they make $100K per year, this
should not take long.  Current figures show the government collecting over
50% of the GNP.  Perhaps the figure is higher for people in higher brackets.
(The incremental tax rate is 50%, and once you add sales taxes and numerous
other taxes, we're looking at a pretty big chunk)  Anyway, paid off in about
5 years.

We may also wish to consider letting the parents, if they pay above-mean tax,
to deduct an appropriate portion of their above-mean tax from the debt.


Otherwise this concept of imprisoning people within an area until they pay
off their debt or renounce their career is about the last thing I ever expected
to hear from a noted leftist like Mr. Chapman!

All in all a silly idea.
-- 
Brad Templeton, Looking Glass Software, Waterloo, Ont. (519) 884-7473