No, you're not 'paying back more than the value of your fees' under a graduate tax. You're contributing in a manner that reflects the financial benefit that you personally have gained by virtue of your (presumably state-funded) higher education.
If anything, it's an attempt to create a) a progressive tax that b) recognises the contribution that the state has made (through the education system) to the earning ability of graduates.
I recognise that the tax system just taxes income whether or not a person has a degree or not and the idea of the graduate tax is to add a tax specific to graduates and, heck, the money has to come from _somewhere_ but my problem with the graduate tax is that it taxes on _income_ post graduation, not the cost of the degree fees and the two may be completely unrelated.
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If anything, it's an attempt to create a) a progressive tax that b) recognises the contribution that the state has made (through the education system) to the earning ability of graduates.
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http://andrewducker.livejournal.com/2111045.html?thread=14590021#t14590021
I recognise that the tax system just taxes income whether or not a person has a degree or not and the idea of the graduate tax is to add a tax specific to graduates and, heck, the money has to come from _somewhere_ but my problem with the graduate tax is that it taxes on _income_ post graduation, not the cost of the degree fees and the two may be completely unrelated.