A Wisconsin economist, Dennis Winters, proposed an interesting new policy in a recent Wisconsin Center for the Advancement of Postsecondary Education Viewpoints piece. Winters proposes increasing sales tax slightly in order to save $1,000 per student per year intended for higher education. It is a really interesting proposal. The immediate question I thought if while reading it was:
If we are raising sales tax, is this the best way to be spending it? There are really delicate economic considerations right now.
It might be. The return on investment for higher education is insane (see La Follette Professor Haveman’s college payback calculator for evidence).
What do you think of the plan?
Sylvia Fredericks works for WISCAPE, but her view here is not intended to represent WISCAPE.