Earlier quoted context omitted.
Well, not just elites. This is the policy everyone voted for: less taxes (causing young folks to go heavily into debt for worthless degree credentials), less social safety nets, a generational wealth transfer from the young to the old. The results are exactly what you’d expect, and older generations should absolutely be worried when their cohort has shrunk through death to a minority voting bloc.
>> less taxes (causing young folks to go heavily into debt for worthless degree credentials) So let me understand this thought process? It is better for Taxpayers to pay for "worthless degree credentials" The biggest problem in society as far as jobs are concerned is credential-ism itself. A standard public education should be good enough for a person to obtain a good middle class job, a K-12 education should be good…
Why? What if the markets’ supply and demand curves indicate need for people with more than high school education, and an oversupply of people with just high school education?
Note that I think US public school education standards are basically non existent, and there should be a massive retooling to ensure higher standards (including standardized testing) and more focus on actual skills in high school so that at 18 the kid comes out with something usable.
But I do not see how or why our society can guarantee someone a certain class of living with an arbitrary amount of education.