At least our colleges are graduating millions of smart, critical thinking, rational young people with degrees in practical fields like engineering, science, math, and accounting. Right?
STUDENT LOAN DEBT GOES UP BY $2,726 PER SECOND
At least our colleges are graduating millions of smart, critical thinking, rational young people with degrees in practical fields like engineering, science, math, and accounting. Right?
https://mises.org/blog/much-redistributed-wealth-goes-back-same-groups-paid-it
This has become another form of welfare.
When I was in college (circa 1812) I believe the money was paid directly to the university. Now the ‘children’ just get a check. They use the money to live on: apartments / cars / dining out / etc.
They are building apartments near the Univ. of Minnesota – nice apartments, with game rooms, pools, underground parking – for STUDENTS! Yep – that’s where the student loan money is going.
Students aren’t counted in the unemployment stats either. Another Obama scam.
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Do they have an office where I can apply in Thailand? I only want a few minutes worth.
I wonder what the default swap margin is on this debt?
O wait…….
Bernie Sanders has a cure for this and I agree with it. A small tax on all trades on Wall St. will allow our kids to attend college for free. Personally I think this should be effective on all HFT transactions, whether completed or not. Kill two birds with one tax, so to speak.
What the student loan program actually does is funnel tremendous amounts of taxpayer backed money to the educational elites through students that shouldn’t be going to college in the first place.
Westcoaster,
Have you given thought to the fact that that type of taxation would kill off most of its source so that very little or no taxes would actually result?
Most high frequency automated trades are only economically worthwhile if they are not taxed on the trading itself. Start taxing the money from those it and it will either be structured to avoid the taxes or go somewhere else where it isn’t taxed,
It’s well known that when you tax something more you get less of it and when you take taxes off it you get more of it (an example of this is your 401k or pension plan), many taxes are even openly passed that way with the stated and intended purpose being for social and cultural control.
Mark Dice should interview Leftcoaster.