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Old 01-20-2021, 04:49 PM
 
Location: Lifelong SoCalian
597 posts, read 261,320 times
Reputation: 1859

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Quote:
Originally Posted by BobPhipps View Post
Don't think I am. As long as they're maintaining that income, Vegas COL will be far superior to the metropolitan areas many of them live in. My understanding is Californians make up 20% of people migrating to Las Vegas and that number will only go up.

And again, the Vegas economy is no longer just limited to the local jobs.

https://thenevadaindependent.com/art...new-california

The largest chunk of that "20%" is not who you think it is, which is to say upper middle-class tech workers and millionaires clamoring for an income tax shelter.

Las Vegas attracts a very different type of Californian than Reno/Tahoe does.
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Old 01-20-2021, 05:06 PM
 
596 posts, read 164,660 times
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Quote:
Originally Posted by apple92680 View Post
The largest chunk of that "20%" is not who you think it is, which is to say upper middle-class tech workers and millionaires clamoring for an income tax shelter.

Las Vegas attracts a very different type of Californian than Reno/Tahoe does.
Source?
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Old 01-20-2021, 05:52 PM
 
Location: Tucson/Nogales
20,499 posts, read 24,251,192 times
Reputation: 28427
Quote:
Originally Posted by apple92680 View Post
For the government to charge interest on student loans to US Citizens who wish to advance and become better-contributing members of society is in itself egregious!

If nothing else, they could at least cancel interest. We are the only so-called First World nation that financially cripples its citizens for wanting to get ahead and do better. That's shameful.
In Germany, university education is free. Just read Colin Powell's memoirs and he was ever thankful for the free university education he received in New York, back in the day when universities were free. In the day, in California, if you established a year's residency, university education was free. Something to think about!

Again, cancel some of that student debt, and it would be a boon to the economy/real estate market! Can anyone not see that?
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Old 01-20-2021, 06:18 PM
 
23,310 posts, read 42,714,463 times
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Quote:
Originally Posted by tijlover View Post
In Germany, university education is free. Just read Colin Powell's memoirs and he was ever thankful for the free university education he received in New York, back in the day when universities were free. In the day, in California, if you established a year's residency, university education was free. ...
IMO those free educations are why those two states have among the highest levels of income. Silicon Valley didn't happen by accident, the educated population there made it happen. As we've seen, Germany is the spark plug of Europe, leading the way over there.
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Old 01-20-2021, 06:32 PM
 
Location: Las Vegas 89146
319 posts, read 111,216 times
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Quote:
Originally Posted by tijlover View Post
In Germany, university education is free. Just read Colin Powell's memoirs and he was ever thankful for the free university education he received in New York, back in the day when universities were free. In the day, in California, if you established a year's residency, university education was free. Something to think about!

Again, cancel some of that student debt, and it would be a boon to the economy/real estate market! Can anyone not see that?
It is not free. The income tax rate in Germany is about 45%. Can you not see that?

Nothing is "free".

Last edited by TxCaNv; 01-20-2021 at 07:04 PM..
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Old 01-20-2021, 08:07 PM
 
220 posts, read 97,085 times
Reputation: 475
Quote:
Originally Posted by tijlover View Post
In Germany, university education is free. Just read Colin Powell's memoirs and he was ever thankful for the free university education he received in New York, back in the day when universities were free. In the day, in California, if you established a year's residency, university education was free. Something to think about!

Again, cancel some of that student debt, and it would be a boon to the economy/real estate market! Can anyone not see that?
Canceling debt would only benefit the current people who have student loans. You’d need to address the structural issues of why colleges have increased their tuition so much over the last 30 years.

That would only kick the can down the road a few years and you’ll have another cohort of people asking for their forgiveness too. Talk about a moral hazard.
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Old 01-20-2021, 10:27 PM
 
Location: Tucson/Nogales
20,499 posts, read 24,251,192 times
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I agree that there needs to be some salary reductions in our colleges/universities before or after the student debt is cancelled. If you do it universally, then where are those professors going to run to? Another country?
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Old 01-21-2021, 03:26 AM
 
596 posts, read 164,660 times
Reputation: 544
Quote:
Originally Posted by TxCaNv View Post
It is not free. The income tax rate in Germany is about 45%. Can you not see that?

Nothing is "free".
Quote:
Originally Posted by Dom Cobb View Post
Canceling debt would only benefit the current people who have student loans. You’d need to address the structural issues of why colleges have increased their tuition so much over the last 30 years.

That would only kick the can down the road a few years and you’ll have another cohort of people asking for their forgiveness too. Talk about a moral hazard.
Agree on both these points. And the main driver for inflated education costs is the government who should get out of the student loan business. Colleges are like any other business. If the demand slows down, they will lower prices. But as long as the government makes money so readily available to young people, those prices will continue to inflate. And unfortunately, with the careers many young people choose, they will be paying off the student loan debts for years to come. It would be much better if we got into a system of trade schools so that skills could be applied immediately after college for a decent paying job.
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Old 01-21-2021, 12:35 PM
 
13,831 posts, read 11,461,228 times
Reputation: 9585
Silicon Valley is where is where it is because of Stanford University. AFAIK Stanford was never free (or never even cheap.)

Quote:
Originally Posted by Mike from back east View Post
IMO those free educations are why those two states have among the highest levels of income. Silicon Valley didn't happen by accident, the educated population there made it happen. As we've seen, Germany is the spark plug of Europe, leading the way over there.
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Old 01-21-2021, 02:08 PM
 
Location: Lifelong SoCalian
597 posts, read 261,320 times
Reputation: 1859
Quote:
Originally Posted by BBMW View Post
Silicon Valley is where is where it is because of Stanford University. AFAIK Stanford was never free (or never even cheap.)
Partially. But you're also forgetting the outsized influence UC Berkeley plays as well, which is a state school. Additionally, you have other lower-tier state schools feeding into Silicon Valley: SF State, Sonoma State, San Jose State, Cal State East Bay, and many private schools that are not as large as Stanford, like USF, that also contribute to the overall educational level of the Bay Area population. The Ohlone Tribe of Native Americans even has their own community college in San Mateo, right by the Google campus.

Additonally, UC Davis, UC Santa Cruz, UCSF, CSU Monterey Bay and Cal Maritime Academy, are all Bay Area state schools that feed into the region.

I cannot remember the exact source right now, but I once read that the San Francisco Bay Area has more colleges and universities per capita than any other part of the U.S.

It's a highly educated population and they value education immensely.
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