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I think "the government" (which is US, by the way. . . ) needs to get the hell out of a lot of things. Let the markets determine where money should go. What they need to do is start taxing consumption higher (sales taxes, etc.) and stop taxing income from savings. With more money in individuals' pockets (i.e. working students, parents of students, etc.) THEY can decide where the money should go.
STOP TAXING SAVINGS and START TAXING CONSUMPTION.
The only issue is that the rich can decide to hoard money and only buy needs while working poor has to spend for needs. Effectively, everyone could just have the same tax rate through a consumption tax.
"needs" such as food and clothing and medicine should be exempt from sales taxes. And fuel for vehicles should only have a road tax applied, and the money from THAT should only go to highway and bridge infrastructure repair.
The only issue is that the rich can decide to hoard money and only buy needs while working poor has to spend for needs. Effectively, everyone could just have the same tax rate through a consumption tax.
It's amazing how liberals think, isn't it?
You can't tax consumption because it's not "fair."
What's not fair?
Oh, well, the rich might just save their money, instead of consuming it.
Oh ...and ...what's your point?
Well, then you can't tax them proportionately more than you tax the poor, which is fair.
So, no tax is fair unless it affects a rich person more than it does a poor person?
Right.
I see.
Do away with no, but maybe the amounts taken out should be proportionate to the actual pay. That might incite employers to pay better wages because banks and schools will be upset they can't charge $30k/yr. When I started college it was $15k per year, by the time I ended it was almost $20k/year. I graduated in 4 years so it's not like I took too long to graduate.
I also think the interest rates shouldn't be so high. I'm fortunate to have 4 loans and 2 of them are 0% interest and 2 are 4.3% interest. I have friends with SL interest payments at over 6%, that's high IMO!
I don't feel that we should do away with student loans, but there definitely needs to be some revisions made. The sad thing about student loans for students, is they in enroll in school seek out financial assistance and if they aren't financially educated the next thing they know they are buried under thousands of $$$ in student loan debt. I think that maybe instead of doing away with student loans, higher education should be more affordable.
I think that maybe instead of doing away with student loans, higher education should be more affordable.
a) That would occur if the government got out of providing student loans.
b) College would cost less if people actually acted like it was expensive. In other words, currently most students go there and lounge around for years "finding themselves" and trying out random "fun" courses like "The History Of The Beatles" or changing majors two or three times. Then they later complain how expensive college was. Hey, if it's that expensive, then you should act like there's a fire under your butt to get out. The truth is that most students treat college like a five-year (yes, five-year) free party.
a) That would occur if the government got out of providing student loans.
b) College would cost less if people actually acted like it was expensive. In other words, currently most students go there and lounge around for years "finding themselves" and trying out random "fun" courses like "The History Of The Beatles" or changing majors two or three times. Then they later complain how expensive college was. Hey, if it's that expensive, then you should act like there's a fire under your butt to get out. The truth is that most students treat college like a five-year (yes, five-year) free party.
I agree, and the campuses cater to this mindset by providing many unnecessary amenities to entice students to live on campus. I'm not saying it's necessarily bad, but I'm pretty sure it is a factor for increasing tuition. I enjoy having luxury, too, but campuses should at least get creative enough to keep costs low.
I think the U.S. should fully subsidize higher education but with the caveat that the student receiving the subsidy must clear a college readiness test (ACT or SAT might suffice) before receiving the award. As it stands, the government is handing out student loans to anyone with a pulse, many of whom are not academically prepared for higher education. This phenomenon is reflected in the abnormally high dropout rates at many U.S. colleges/universities. Indeed, the colleges with the best graduation rates are the schools with the most intense screening processes -- Yale, MIT, Harvard, Berkeley, Michigan, Stanford, etc.
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