I can only provide anecdotal evidence. I come from a poor family and studied in India in a government university by paying $20/year. The cost of providing that education was estimated at $1000/year and private universities used to charge as much. If the government had not provided that subsidy, I would not have taken a loan to the tune of $1000/year because that would have been too risky. I would have opted for the less risky option of herding cows.
Fast forward 15 years, I worked in a research lab and in 2009 I paid more than $12000 in income tax alone. I also created more employment by spending the money I earned. The government got a great return on its investment and it can now fund the education of more people -- a virtuous cycle.
Almost half my class was in a similar situation and most of them are doing good.
Fast forward 15 years, I worked in a research lab and in 2009 I paid more than $12000 in income tax alone. I also created more employment by spending the money I earned. The government got a great return on its investment and it can now fund the education of more people -- a virtuous cycle.
Almost half my class was in a similar situation and most of them are doing good.