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Bernie in some ways is a man after my own heart because he , unlike the pet in cage Obama administration, actually wants to go after bankers after 8 years.
However my problem is he doesn't seem too bright.
There are two parallel examples that show his free education folly.
During the Abolitionist movement one of the problems of freeing slaves was that human bondage was capitalized. It was stored wealth and as such could even be secured to secure debt. So even a bleeding heart who wanted to end slavery is going to have a hard time destroying his capital especially if its pledged to a debt. The solution was for the state to buy out the slaves as far as the British Empire in the West Indies.
As of now a degree, especially a PHD, is now a capitalized investment. Why hasn't Bernie or any of his people not calculated the young adults who should be his strong suit. A 32 year old who has just paid off his student debt isn't going to be very happy to see free education anymore than someone who just planted barely and hops see a da guberment sponsored public free beer program. A 100k PHD seeing a crop of free PHD enter his market? It will de-capitalized the investment. Why is it a simple ******* like me can make this historical and economic analysis but not him or anyone on his staff?
A modern example was NCE , aka Novell Certified Engineer. It was a well respected certification and people generally knew what they were doing. However Bill Gates also knew what he was doing. He flooded the market with Microsoft Certified Engineers. They hardly knew what they were doing, but by then, Bill had the market. It was excellent predatory debasement. Wonder Bill collected on the face value Novell had build up while at the same he printed up a fiat representation to capitalize himself and then de-capitalize Novell. He must know some bankers.....
However in that case one must be in the vast minority of the exploited.
That's the problem with socialists. They suck at economics.
As if there's any possibility Bernie isn't aware of this...
A socialist is not someone who believes this does not exists, it's someone who believes that this problem is slight compared to what will be improved. Bernie has weighed his options. Upset some with degrees (I know many who still prefer Bernie to any other candidate) or eliminate the possibility of free college education.
I covered this.....it seems in every thread I have to repeat myself over and over and over and over and yet someone will still bring up the same lazy point.
Sanders presented a way to pay for this. Do you understand that something that is paid for is not free?
Paid for by who? Rich people, that will eventually get tired of it and leave? Then what?
Quote:
Originally Posted by GregW
What makes you cheapskates think that we liberals will not take control of the Senate and House along with electing Bernie Sanders? 1.With that control we will reverse decades of economic stagnation for working Americans and provide a prosperous future for all of us, not just the owners of the Military contractors and their Congressional dependent's.
College loans can be covered by a surcharge on the recipient's income tax, industry can be protected by countervailing tariffs, 2. taxes can be collected from the Wall Street monopolists and jobs created by repairing and rebuilding our infrastructure.
To fix the problem , which is prices rising faster than the inflation rate, all one had to do was stop da guberment guaranteed credit which added credit fuel. Raising academic standards would have reduced the demand. Adding credit fuel to a product with pricing power will just make the price go up. For the poor, academic scholarships would work great. In fact it would be a marketable commodity since it would be proof it wasn't a rich boy on his third try.
Yep. How come no one advocates for this? Instead, it always reverts to taking more money from rich people. Are Lefties too scared to push for this? I'm sure it wouldn't be a very popular plan, but it would put poor people on a more level playing field. "Free tuition for Ivy League school if you can get a 4.0 GPA" sounds more reasonable than "free college education just because you were born".
You know what happens when people get free stuff? They don't care about it as much as people who earned it. When I was growing up, my buddy has every single video game console that came out, and it didn't phase him at all. He had a bookcase full of games, and would just give them to me when he got tired of them. Meanwhile, all my mom could afford was a Sega Genesis, and I had to maintain all As and Bs to even get one in the first place. I played Sega Genesis for 9 years, even when we were doing better and I was able to buy a Playstation 2. If I pulled that Sega out right now, it would probably still work.
I think this free college stuff would devalue the worth of degrees, but I guess we'll just have to see.
Yep. How come no one advocates for this? Instead, it always reverts to taking more money from rich people. Are Lefties too scared to push for this? I'm sure it wouldn't be a very popular plan, but it would put poor people on a more level playing field. "Free tuition for Ivy League school if you can get a 4.0 GPA" sounds more reasonable than "free college education just because you were born".
I already know what the left would say. When low income "protected classes" fail to reach the criteria to qualify for the academic achievement scholarships, it would be said that it's because they're forced into "bad schools" and it's somebody else's fault, white privilege, blah blah
Thus why the left wants it to be free for everyone. They don't want to work for anything in the first place, they just want some "rich wall street guy" to pay for it because, you know, they deserve it or something. And Europe.
Quote:
You know what happens when people get free stuff? They don't care about it as much as people who earned it. When I was growing up, my buddy has every single video game console that came out, and it didn't phase him at all. He had a bookcase full of games, and would just give them to me when he got tired of them. Meanwhile, all my mom could afford was a Sega Genesis, and I had to maintain all As and Bs to even get one in the first place. I played Sega Genesis for 9 years, even when we were doing better and I was able to buy a Playstation 2. If I pulled that Sega out right now, it would probably still work.
Good anecdote. I can totally relate. I think we all had that friend with all the game consoles (like Lucas in "The Wizard"). I myself had to treasure the 7 or 8 NES games I gradually amassed, and it took a lot of hard work, patience, (and a little bit of manipulating my parents) to get even that many!
Paid for by who? Rich people, that will eventually get tired of it and leave? Then what?
They aren't going anywhere and the plan is taking from the "free" money these people were gave by the Fed. Why is it that all should not share in that? Did they earn it? No, they did not.
I too have paid off all of my student loans, and I am only 28.. I still think higher education needs to be highly subsidized for future youth. Approaching this issue from the whole "I suffered so all of you should suffer too" is not going to fix the cataclysmic problem that is student loan debt. This issue is threatening to destroy our society if it does not get serious reform.
1. They aren't going anywhere and the plan is taking from the "free" money these people were gave by the Fed. 2. Why is it that all should not share in that? Did they earn it? No, they did not.
I too have paid off all of my student loans, and I am only 28.. I still think higher education needs to be highly subsidized for future youth. Approaching this issue from the whole "I suffered so all of you should suffer too" is not going to fix the cataclysmic problem that is student loan debt. This issue is threatening to destroy our society if it does not get serious reform.
I don't think that's how the majority are looking at it. But again, why don't any of these politicians suggest a policy that will subsidize school costs based on academic performance, rather than just giving everyone free college just because? Do you know how many people will flunk out or get sub-par grades when there's no incentive there, like when you have to pay for your tuition?
I too have paid off all of my student loans, and I am only 28.. I still think higher education needs to be highly subsidized for future youth. Approaching this issue from the whole "I suffered so all of you should suffer too" is not going to fix the cataclysmic problem that is student loan debt. This issue is threatening to destroy our society if it does not get serious reform.
The problem is basically two fold.
1. Our policy makers support the same flawed thinking (we need to subsidize it more), and it's because we elect people to government that are economically illiterate populist demagogues. They say the things we want to hear instead of sensible solutions that will fix problems. In a perfect world, we would elect economists to these posts but of course we don't. Tuition is far outpacing the the consumer index for the very reason that we already throw too much money at it, via government funded Pell grants and easy credit.
2. We now live in a culture where students are expected to go to college right after high school, not to study a specific marketable trade, but to "find themselves" or meet their future husband/wife. It's become a right of passage, basically. Actually learning a valuable trade is becoming the secondary objective, and I think it won't be long until we see a trend reversal and college graduates will actually begin earning less in their careers than high school grads. I still think a STEM degree is valuable, but sadly most students don't study these fields, and instead go for easier degrees that are already flooding the market. That is what we don't need and we need to start learning, as a culture, that college is not for everyone. That's not to say people are too "dumb" but they need to wait and figure out what they want to do BEFORE they plunk their money down on a useless degree.
I have a couple friends who are now in their mid thirties and have three or four different degrees (and are $100,000+ in the hole) but have never worked a real job in their lives. There is no way they'll be able to build a normal career at this point and save for a retirement.
I don't think that's how the majority are looking at it. But again, why don't any of these politicians suggest a policy that will subsidize school costs based on academic performance, rather than just giving everyone free college just because? Do you know how many people will flunk out or get sub-par grades when there's no incentive there, like when you have to pay for your tuition?
Giving free college for good grades is a fantastic start. I don't see any Republican proposing that. Like with our former healthcare system they are just sitting on a problem that will clearly need to blow up like a bomb before democrats come in to fix it. Bernie is talking about this issue because Republicans are sweeping it under the rug.
They did earn it if they're self-made, and more are nowadays.
Self made and Fed actions are mutually exclusive to each other.
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