The students' proposal fits right in. Instead of paying tuition - currently at $12,192, not including mandatory fees, room, board or books - the "UC Student Investment Proposal" would require that students commit to paying 5 percent of their annual income for 20 years after graduating.
Students who pay $2,500 a year - 5 percent of $50,000 - for 20 years, would end up paying $50,000 for their education, slightly more than the $48,768 they would pay over four years if UC tuition were frozen at its current level.
On the other hand, students earning $100,000 would pay $5,000 a year, or $100,000 for their education over two decades.
This is basically no different than the student loan scam, except in that it may possibly be cheaper for students. It functions the same way as student loans—you basically have to work for someone else for an extended period of time, making you essentially an indentured servant. This will thus be the its downfall: it’s too direct about enslavement.