What does everyone think about ISA(Income Sharing Agreement)?

Ironic that London'sBurning has never called the fire department.

 

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There's your problem. You were thinking.

 

Socialist programs for the poor but opt out options for the rich. Just not too much socialist programs because the rich want to contribute little to none. Also the rich don't want the poor to want to stay poor. All the while, folks argue about ideologies and labels. That's about what we have right now isn't it?

 

This is how much the hillbilly wing of state guvmint is making the "establishment right" look centrist.

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History
Milton Friedman originally proposed the concept in 1955, in his essay The Role of Government in Education, in which he argued that students should be funded through an “equity investment” such that:

“ [Investors] could ‘buy’ a share in an individual’s earning prospects: to advance him the funds needed to finance his training on condition that he agree to pay the lender a specified fraction of his future earnings. In this way, a lender would get back more than his initial investment from relatively successful individuals, which would compensate for the failure to recoup his original investment from the unsuccessful.” ”​

In the 1970s Yale University attempted a modified form of Friedman’s proposal with several cohorts of undergraduate students. At Yale, instead of making individual contracts for a fixed number of years, all members of the cohort agreed to pay back a percentage of earnings until the entire cohort’s balance had been paid off. However, the system left students frustrated that they were paying more than their fair share, by being forced to make payments on behalf of peers unwilling or unable to pay back their loans.[3]

In 2013, Oregon legislators passed a bill that would investigate Pay It Forward as a college financing scheme. The model would allow students to attend college tuition-free, and then pay a proportion of their incomes post-graduation to finance the cost of their studies. However, unlike the Income Share Agreement model, Pay It Forward would be publicly funded, and it would offer fixed percentage repayments across all institutions.[4]

Public debate over the Oregon plan led to renewed interest in equity-based funding models, including a prominent summit on Income Share Agreements at the New America Foundation,[5] and policy paper from the American Enterprise Institute. On April 9, 2014, Sen. Marco Rubio (R-Fla.) announced the introduction of legislation that would ‘broaden the use’ of Income Share Agreements.[1][6]

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Yerp, that sounds like Feminism to me.