California ballot initiative to make state university free again by reinstating inheritance tax for millionaires

From their inception, California's state colleges and universities were free or nearly free for in-state students, but since the 1970s, the state systems have been ratcheting up tuition and originating loans that impose crippling debt on students, leading to delayed fertility, late home-ownership, reduced retirement savings, and dampening entrepreneurial risk-taking. (more…)