Simpler isn’t always preferable: note that the key feature from the consumer perspective in that system is
> you pay no matter what
Meaning if it’s assumed “despite learning little, you still will be able to pay for it”, there’s no longer any motive force towards quality, as your payment is assured. Incentives on taxpayers thereafter who want to minimize their tax burden would therefore be optimizing primarily toward cheapness of the educational process, rather than efficacy and quality of the education which outbound students received.
A vigorous market for education, would suggest you would likely get a variety of nodes along a “costliness to quality” options frontier.
> you pay no matter what
Meaning if it’s assumed “despite learning little, you still will be able to pay for it”, there’s no longer any motive force towards quality, as your payment is assured. Incentives on taxpayers thereafter who want to minimize their tax burden would therefore be optimizing primarily toward cheapness of the educational process, rather than efficacy and quality of the education which outbound students received.
A vigorous market for education, would suggest you would likely get a variety of nodes along a “costliness to quality” options frontier.