The current system constitutes taking from the poor and giving to the rich  The majority of people in the UK have not benefited from a university education, and graduates earn more, on average, than the rest of the population. Further, universities accept a larger number of richer people than they do poorer people. A National Audit Office report claims "Socioeconomic background remains a strong determinant of higher education participation. People from lower socioeconomic backgrounds make up around half of the population of England, but represent just 29 per cent of young, full-time, first-time entrants to higher education."1 It is therefore wrong on principle to use tax-payers' money to subsidise universities, because when universities are subsidised from a general "pot" of taxation, a redistribution of wealth occurs whereby the rich benefit at a cost to the poorer people in society. This is wrong, because we should be using taxation to attempt to mitigate economic inequality, not to exacerbate it.  1 Woolcock, Nicola, "White working class boys least likely to go to university." Times Online, 25 June 2008,