C’mon, Mr. Collins… While you make the excellent case that the cessation of Estate Taxes shifts the costs of a secondary education to states and their inhabitants; this is NOT true:
“In effect, we’re shifting tax obligations away from multi-millionaires and onto states and middle-income taxpayers.”
WE didn’t make that shift. Entities funded by ALEC and the Koch Brothers managed that feat.
I was one of those who graduated in l976… with no debt, either. State Universities cost very little back then (and there were good scholarships, too).
The greatest irony to this whole boondoggle is that the kids graduating with the most debt face the most barren job market possible. With so many Middle Income jobs shipped overseas and others automated (or done by imported Immigrants), the chances of paying off these “super loans” are poor, indeed.
Perhaps if this issue were framed as “Loans that are too big to fail,” banks might write them down the way WE taxpayers were FORCED to write down the banks’ massive bad debts!