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Taxing Wealth to Make Public College Free Again

A California campaign is pushing to add an innovative initiative to the November ballot. The plan: make public higher education tuition-free by restoring the estate tax.

"As part of the Republican tax cut pushed through at the federal level, the wealth threshold of the federal estate tax was doubled for a family from $11 million to $22 million.' (Photo: Mike Procario / Flickr)

"As part of the Republican tax cut pushed through at the federal level, the wealth threshold of the federal estate tax was doubled for a family from $11 million to $22 million.' (Photo: Mike Procario / Flickr)

Angad Singh Bhalla holds his son, Nanak, in his arms while juggling phone calls at all hours of the day.  He is the coordinator of newly formed California College for All campaign. A filmmaker and labor activist, Bhalla has jumped into this campaign with gusto.

For Bhalla, this is more than a movement to make college more accessible. “I was inspired by thousands of young people that turned out for the Sanders campaign.  I’ve been involved in other campaigns before but I’d never seen anything like it.”

“I thought, ‘We should engage these people.’  Things are in motion.  We may not have a movement yet, but this is the way.”

(Photo: Angad Singh Bhalla)

The state-level College for All campaign is now going into the field, collecting signatures to put the initiative on the ballot for November 2018. The initiative would increase student aid funding at California public colleges and universities by restoring a dedicated tax on estates over $3.5 million.

If approved by California voters in November, it would dramatically increase investment in public higher education while reducing the concentration of wealth and power.

In the last 20 years, the cost of college has gone up over 300 percent at the University of California and within the state university system.  Community college is still relatively expensive.  They were all virtually tuition-free in the 1970s.

“One lesson from the 2016 campaign is you can only go so far saying “our opponent is a monster,” said Bhalla.  “You need to have a compelling vision.  I think this issue — college debt and tuition — will mobilize young voters and boost turnout for 2018.  By putting something bold and exciting on the ballot you will pull young people out and have all sorts of impacts. “

“I think it is strategic to pay for ‘college for all’ with an estate tax.  The initiative will levy a tax on the richest 0.2 percent of Californians, about 4,000 multi-millionaires and billionaires, and would assist 2.6 million students.”

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Chuck Collins

Chuck Collins

Chuck Collins is a senior scholar at the Institute for Policy Studies where he co-edits, and is author of the new book, Born on Third Base: A One Percenter Makes the Case for Tackling Inequality, Bringing Wealth Home, and Committing to the Common Good.  He is cofounder of Wealth for the Common Good, recently merged with the Patriotic Millionaires. He is co-author of 99 to 1: The Moral Measure of the Economy and, with Bill Gates Sr., of Wealth and Our Commonwealth: Why America Should Tax Accumulated Fortunes.

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