Debt and Taxes: Can the Financial Industry Save Public Universities?

This article examines the limitations of tuition (higher personal debt) as a mode of funding public university systems and, also, the widespread resistance to any tax increase by citizens with falling or stagnant income and growing burdens of debt. It argues that the questions of debt servitude and tax resistance must be considered together if public universities are to regain taxpayer support and become, once again, drivers of greater economic and social equality.