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Student Loan or Graduate Tax: The Stealth Transfer of Wealth From The Uber Poor To The Super Rich

Adebayo Adeniran
4 min readMay 16, 2023

Yet another case for a revolution.

Shalom de Leon via Unsplash

The game is rigged.

It goes without saying.

Our modern democracies have been set up to enrich the already profoundly wealthy plutocrats, while the rest of us are being actively gaslighted.

And what’s extraordinary here is that their presence is felt in every sector in our respective societies; there isn’t an area which hasn’t been fully monetized by the plutocrats much to the detriment of the very poor.

But it wasn’t always like this.

In the country of my birth —the United Kingdom — university education was free and paid for by the state.

As far reaching as the Thatcherite revolution was in the 1980s, Brits who had a tertiary education during her premiership didn’t pay a penny to be educated.

By the time her successor — John Major —got into power in the following decade, the reforms had already begun large scale- first by converting tens of polytechnics into universities and also laying the framework for higher institutions to charging a fee for all would be British students.

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Adebayo Adeniran
Adebayo Adeniran

Written by Adebayo Adeniran

A lifelong bibliophile, who seeks to unleash his energy on as many subjects as possible

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