Friday, 09 March 2012 00:00
It’s amazing that Congressman Gary Ackerman wants to “Reinstate Tax Deduction for College Tuition.” In the mind of politicians, who could possibly be against the redistribution of wealth from one group of citizens to another?
For Mr. Ackerman, giving money away has been a clear winner. He gets constantly re-elected, and when he retires he will receive a big pension from all the people.
However there are questions of justice:
1) Why do some college students deserve preference over others? And why isn’t this public giveaway based, at least, on merit? If so, it would be an incentive for students to earn a benefit based on accomplishment.
2) Why is it fair to other young people who do not want to go to college to have to fund those who do? And why can’t we offer an incentive for these young people to excel in their work and thereby, based on merit, earn a tax credit?
Mr. Ackerman is an ordinary politician with ordinary ideas that sound good but have gotten our nation into deep financial trouble. He has the people’s money to give away and that has enabled him to get elected to office over and over again.
Special interest politics has worked wonders for Mr. Ackerman but not for the majority of the American people or for the people of Manhasset.