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If you’re baffled by college students’ enthusiastic support for Soviet-lite economic policies, you need to watch several short videos created by members of Young America’s Foundation (YAF).

In the videos, YAF members approach their classmates with a petition calling for the redistribution of student GPAs. “It would make it so that all students have an equal opportunity to go to grad school,” University of Oregon YAFer Kenny Crabtree explains. Students with bad grades would therefore be entitled to points earned by straight-A students.

Their classmates are flabbergasted.

“Is that, like, a joke or something?” one guy responds.

“Why would you take points from people who are higher up and give them to people who didn’t meet the requirements?” another asks George Mason University YAFers. But when asked if he supports Obama’s wealth redistribution schemes, he says “yes.”

Shocking? Not really. As I pointed out in my March 30 column, most college students are economically illiterate. When quizzed by the Intercollegiate Studies Institute about basic concepts, such as supply and demand, the average student’s score was 53 percent. And since most don’t work or pay taxes (only 46 percent of full-time students have jobs), they simply have no idea how capitalism works.

But they do understand grades. Students who study hard get good grades; students who skip class and binge drink every night get bad grad... >>>