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Wealth Redistribution Under Obama

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Posted

Cue the 'learned it by watching you' PSA. Who would have thought kids growing up in the 80s and 90s didn't get good lessons in managing debt? The baby boomers sure did a great job with their borrowing practices.

Baby boomer: study hard so you can get into a good college and make something of yourself

Kid: Okay

Baby boomer: just take this student loan, you'll get a good job with a degree

Kid: Okay

Baby boomer: get a job slacker

College grad: your generation tanked the economy, I can't get a job

Baby boomer: damn entitled kids, think they just deserve a job...pay back your loans kid, papa needs to retire

I graduate in May and already have a job lined up. No family connections or anything.

Worthless anecdote, but since you were sharing your worthless anecdotes, I thought I'd chime in.

So yeah. Seconding "personal responsibility," as lame as that apparently makes me. If someone makes it harder for you to get a job, work harder.

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Posted

I bet Delhommey lives in an Occupy tent.

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Posted

del ain't that radical

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Posted

there has been an education bubble for some time. the same guy who was a central figure in the big short book has been saying this for years.

supply and demand does it again. more apprenticeships ->jobs.

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Posted

I graduate in May and already have a job lined up. No family connections or anything.

Worthless anecdote, but since you were sharing your worthless anecdotes, I thought I'd chime in.

So yeah. Seconding "personal responsibility," as lame as that apparently makes me. If someone makes it harder for you to get a job, work harder.

I chose an engineering degree, got a job while still in college and haven't looked back since. Way to completely miss my point though.

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Posted

Your point is that it's not college students' fault.

My point is that fault is irrelevant.

If that wasn't your point, then you're not making your point very well.

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Posted

Ummm, the education system in every state is taxpayer funded from K-12 grades. Are you against taxpayer funded education systems in general? If so, how exactly would you propose putting your kids through the public school system?

The system worked in California for 100 years because corporate tax rates were where they should be relative to their profits, because people paid income taxes based upon what their income was. Reagan was the forefather of the the rich getting richer and the end of those rich paying their fair share of income taxes. It's a pretty easy concept- when corporate taxes and income taxes were an equitable system the state of California flourished and it's higher education system did as well as it's K-12 system.

The utter collapse of the public education system in this country can be directly attributed to the reduction of corporate tax rates and the increasing tax breaks for the rich. It is a simple premise, you're right.

The basic flaw in your premise is that we as a nation are spending more per student adjusted for inflation, than we were in 1980. And we are spending a similar amount of our GDP now as we were then (5.5 in 1980 vs 5.4 now). The cuts in corporate tax rates have had no impact on spending for education in the nation as a whole. If there is an impact, its on fiscal health. Unless you are saying that without the tax cuts, we would have spent more on education than we are spending now (which id doubtful) The fact that much of that money being spent is borrowed instead of taxed is irrelevant regarding the quality education received.

So if one accepts your opinion that the education system iin the US has collapsed (and I certainly don't accept it), then I am not sure you can blame tax cuts since there isn't any noticeable impact on spending.

.

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Posted

Your point is that it's not college students' fault.

My point is that fault is irrelevant.

If that wasn't your point, then you're not making your point very well.

it may be irrelevant on a personal level, it isn't irrelevant when we're talking about systemic ills.

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Posted

The basic flaw in your premise is that we as a nation are spending more per student adjusted for inflation, than we were in 1980. And we are spending a similar amount of our GDP now as we were then (5.5 in 1980 vs 5.4 now). The cuts in corporate tax rates have had no impact on spending for education in the nation as a whole. If there is an impact, its on fiscal health. Unless you are saying that without the tax cuts, we would have spent more on education than we are spending now (which id doubtful) The fact that much of that money being spent is borrowed instead of taxed is irrelevant regarding the quality education received.

So if one accepts your opinion that the education system iin the US has collapsed (and I certainly don't accept it), then I am not sure you can blame tax cuts since there isn't any noticeable impact on spending.

.

All you need to do is look at the highest ranked eduaction system in the world and see how they got there. Finland is currently the best education in the world-

"By 2014, the Ministry intends to have legislation in place that will shift full responsibility for polytechnic funding to the government, a change from the current system in which polytechnics negotiate with the government each year to obtain core funding, and must make up the rest of their operating costs from other sources. With this control in place, the government will combine some of these institutions into “large and innovative high-standard competence environments,” present in every province, and programs of study will be focused on ensuring that graduates can begin working in their fields immediately upon graduation."

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Posted

All you need to do is look at the highest ranked eduaction system in the world and see how they got there. Finland is currently the best education in the world-

"By 2014, the Ministry intends to have legislation in place that will shift full responsibility for polytechnic funding to the government, a change from the current system in which polytechnics negotiate with the government each year to obtain core funding, and must make up the rest of their operating costs from other sources. With this control in place, the government will combine some of these institutions into “large and innovative high-standard competence environments,” present in every province, and programs of study will be focused on ensuring that graduates can begin working in their fields immediately upon graduation."

You can't use a country the size of Finland as a comparison to the United States. It is completely laughable.

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Posted

Because it works?

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Posted

Because it works?

B/C they are completely different animals.

Like European Gun Control Vs USA Gun Rights

/thread de-rail!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

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