Tuesday, October 11, 2011

Brad Wall's 'Post Seconday Assistance' Promise Helps Rich Families The Most

Brad Wall is being consistent with Right Wing administrations all over Canada and the United States. His policies help the Rich far more than he helps average working families.

"The Saskatchewan Party is pledging $15 million a year in new post-secondary aid, its first major promise of the election campaign.

Two programs are proposed.

One would give students graduating from high school up to $2,000 to use on tuition fees at any post-secondary institution or recognized training course in the province.

It would cost $4.6 million in the first year, the Sask. Party says. The second program piggybacks on the federal Registered Education Savings Plan and would add 10 per cent to what parents are contributing, to a maximum of $250 a year. The Saskatchewan Party says that program will cost around $11 million a year."

CBC Sask

Thankfully, Accidental Deliberations has shed some light on the true nature of Wall's post-secondary promise .... it helps the rich!

Trickle-up politics
Saskatchewan's election campaign is officially underway, and so too is the Sask Party's campaign to transfer wealth upward as quickly as they can get away with. Just look at the numbers behind their supposed help for students:

Two programs are proposed.

One would give students graduating from high school up to $2,000 to use on tuition fees at any post-secondary institution or recognized training course in the province.

It would cost $4.6 million in the first year, the Sask. Party says.

The second program piggybacks on the federal Registered Education Savings Plan and would add 10 per cent to what parents are contributing, to a maximum of $250 a year.

The Saskatchewan Party says that program will cost around $11 million a year.

So a student whose parents can't afford to contribute to an RESP gets a grand total of $2,000 toward his or her education - an amount which would be wiped out by one more year of rising tuition since the Sask Party took power. Meanwhile, a student whose parents can afford to to max out their RESP contribution limits will receive a tidy $7,000 (plus whatever interest the RESP accumulates) - ensuring that those who need help the least get the most. And even the raw cost estimates involve substantially less than half as much funding for the universal benefit as for the one targeted toward wealthier families.

Of course, we shouldn't be surprised that Wall is governing for the benefit of the few. But the question is whether the many will recognize how they're being left behind.

Accidental Deliberations