April 21, 2009

QOTD:

“ People who have the misfortune of being born to poor parents have a much worse chance of going to college than do those born to wealth parents and this, in turn, has bad implications for their future earnings prospects. Given these facts, various efforts to reduce the tax burden on the estates of multimillionaires is obscene. The children of the wealthy have plenty of advantages in life besides what they inherit. Taxing that money and using it to provide some opportunities for those who aren’t well-born should be a no-brainer.
Matthew Yglesias » College Attainment and Family Income