alt Hacker NewsYes but the algorithm also is that they take 5% of your assets each year. So if you've saved $1M (not much for a $200K a year couple in their 50s), that's $50K a year out the door.
Yes but the algorithm also is that they take 5% of your assets each year. So if you've saved $1M (not much for a $200K a year couple in their 50s), that's $50K a year out the door.
Honestly, that wouldn’t be a bad way to fund education: education is free, but the university gets taxation power over you so they can tax you at x% of your income. It aligns incentives better than the current system.