Re:Japan's Hometown Tax
by femiagbabiaka on Monday September 18, 2023 @12:57PM
(#37558761)
Pure spitballing. What if: in exchange for fully subsidized schooling at a state school, graduates participated in a profit-sharing agreement with the country and city that they went to school in? Similar to the Lambda model (what happened to them anyways?).
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Sued by former students: https://www.forbes.com/sites/edwardconroy/2023/03/29/former-...
Re:Japan's Hometown Tax
by femiagbabiaka on Monday September 18, 2023 @01:24PM
(#37559124)
Yikes! Well this seems like a place where colleges are socialized better: we all know that getting a college degree, especially certain degrees, are no indicator of employability.
Sure, but Lambda got sued for misrepresenting material facts about the deal to their students. I don't think this lawsuit (or Lambda's actions) invalidates the idea GP presented.
I don’t disagree, I was just responding to the person who asked what had happened to Lambda :)
"Profit-sharing agreement" is economically the same thing as "indentured servitude", which is illegal (for good reasons IMO).
Re:Japan's Hometown Tax
by femiagbabiaka on Monday September 18, 2023 @07:52PM
(#37563860)
Under that line of thought, wouldn’t taxes also be indentured servitude? Or loans? IMO the key is that the government will need to take a loss on the “loans”.
> Under that line of thought, wouldn’t taxes also be indentured servitude?
Taxes are much like indentured servitude. We allow the government to do things that we wouldn't allow private entities to do.
> Or loans?
Loans for specified amounts are legal, subject to some fairly strict protections (limits on APR, discharging them in bankruptcy, lots of required disclosure). You can't generally write a profit-sharing agreement that way - how would you tell the person how much they're going to have to repay? How would you stop them declaring bankruptcy immediately to get out of it?