<p>“If everyone in the top 5% of American families in financial terms gave up the jobs and investments that enabled them to have those salaries, it follows logically that America’s standing in the global economy would fall and there would be no more people to provide financial aid. I’m afraid I don’t see your logic.”</p>
<p>most of the people in those jobs do not have students attending a top private university in any given year. and there is almost certainly a line of people NOT in those jobs who also do not have students attending a top university who would glady take the place of those who do.</p>
<p>I think you misread the comment though. It is not a proposal for what an entire social class should do. It is a suggestion suggested to YOU, who are complaining. A suggestion made to help you think through the implications, and to realize that it is in fact HARDER to finance education at lower incomes than at higher ones. The FAFSA tax on marginal incomes is not only lower than 100%. It combined with income taxes is lower than 100%. That means that folks with, say, 150k a year incomes (in the same metros) have LOWER standards of living than folks with 250k AFTER paying for the same colleges, and including FA. </p>
<p>The whining from folks richer than us, gets tiresome.</p>