Well, that's insane and abusive. What, perhaps, we ought to do, is to hold the universities and other schools that charge so much for their worthless degrees accountable to assist in student loan repayment or forgo further public assistance / funding. Or maybe they could use their expansive endowments to lower tuition? Universities have become Club Med with all these well-paid sinecures for lazy do-nothings. Enough of that shit.
Also, revocation of a license should only occur in the event of falsity, abuse of license, or failure to pay license fee.
What degree to you believe to be worthless?
Universities are for education, not job training. None hold guns to students' head and force them to study...anything at all. Nor are universities controllers or even perfect predictors of marketplaces or job markets. As far as predicting the value of subjects or coursework? I remember my father being really upset that I was taking courses in French and Shakespeare in college. Yet those courses actually helped me land jobs at very critical points in my life. I did not take them to gain employment skills but because they interested me and I loved them. I was surprised to find I could actually land a job based on that coursework. Actually, I enjoyed those jobs more than the one I hold now which pays much more and which is in a field which I chose as a major because it also interests me and I love the field. Just not this job.
I actually work in a pretty technical field. At university, I gained a lot of background and theory and yes, some practical experience plus some research experience. My actual job? I was trained on the job, as is everyone who works in my work unit and actually all of the many thousands of employees who work for the same enterprise. Including those with Ph.D.s and M.D.s.
The degree is worthless is you'd have been financially better off never getting it.
Your warped notion of value is refuted by every basic economic theory. That would make 99.99% of products people pay for "worthless".
The value or worth of something is subjective. Most University degrees are not primarily designed to increase your net worth, except maybe a business degree. Some degrees primarily about becoming more knowledgeable no matter the economic benefit of doing so. And even most "career" oriented degrees are not about making more money, but about acquiring the minimal qualifications for a career you desire, which for most people is a decision not primarily driven by maximizing income.
Plus, the fact that a person doesn't land a job in that field they were trained in is not a reflection on whether the University gave them what they paid for, which is never a guarantee but merely an opportunity. The school cannot be responsible for market fluctuations that alter how many jobs in various fields are available, nor for other factors that determine success in the field of study, from the student's own innate abilities to the amount of effort the student puts into their education.
As for your "well-paid sinecures" comment, it is utterly baseless and factually wrong. Most University faculty work much harder than you likely ever have or will. On average, these Ph.Ds with 8-10 years college education work over 60 hours per week, with an average salary under $60k. That's equal to a job that pays $17 per hour with typical 1.5 overtime pay.
Pay of University profs is far lower than what people with their same degrees make in the private sector.
Graduate students that go into private industry have twice the starting salaries of those that become University professors. My wife and I both graduated students who entered private industry and immediately made higher salaries that either of us were making after 20 years in the field and tenured full professorships.
Perhaps if you paid attention during your education, you wouldn't make such obvious false statements.
A degree is just a piece of paper. The knowledge paid for at universities can be obtained practically for free elsewhere. Great, you've a got a degree in blah, blah, blah, drowning in debt. The guy who chose a skilled trade is debt free, driving a nice car, and working on the second remodel for his home. If a university is not about training, then there is little reason to pay money for what you get. Most anything can be self-taught. We've got these things called the internet, libraries, etc. But if there are institutions profiting off of this at public expense, those institutions ought to pay their fair share.
Your complete false nonsense in this post was self-taught off the internet, so obviously self-teaching and the internet are often not very good avenues for learning. The internet actually makes it far harder to be self-taught. There is many times more false information on it than accurate and telling the differences often requires that you already have a learned expertise in the area. Even online "courses" and lectures not tied to Universities are highly unreliable, and the more "free" they are, the less reliable they are. That's because they exist by the same economic model as for profit news media and click bait sites, which are incentivized to ignore standards of reason and accuracy in favor of hype and whatever gets the most views. Even with TED talks, the best ones are those given by respected academics, who are academics and earned their respect via the University and formal education system. And most of the books in the library and sound science papers on the internet only exist because of Universities.