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When you consider the UE rate of educated people, I don't see that as a great worry. Generally, education leads to good jobs which result in higher earnings for the employee, but mostly the employer and stock holder(think top 1%). So I say again, I wonder who gets the most financial benefit of a educated young person?
Your assumption error is that attending college is resulting in many of these young people actually becoming educated.
I love these comments about a 90% tax rate, If I make $140K and I'm taxed at 30% I net about $100K. If I make a million and I'm taxed at 90% I net $100K.
The employment rate for college grads 25 and older is over 97%.
Time for a reality bite in the ass ...
Quote:
"For recent college graduates, the picture looks quite different. First, in all years, the underemployment rate is higher for recent college graduates than for college graduates as a whole, indicating that underemployment is consistently more widespread for this group. Second, the underemployment rate for new college graduates has not held steady. The rate rose to 46 percent during the 1990-91 recession, then fell significantly during the economic expansion of the 1990s.
By 2001, the rate had dropped to 34 percent. During the first decade of the 2000s, the underemployment rate rose somewhat sharply after both the 2001 and 2007-09 recessions, and in each case, only partially retreated, resulting in an increase to roughly 44 percent by 2012. Thus, it appears that the underemployment rate has, in fact, been rising for recent college graduates since 2001."
Now, if you consider a "Would you like fries with that?" job adequate employment for a college grad with an average of $29,400 in student loan debt, you'd have a point.
I love these comments about a 90% tax rate, If I make $130K and I'm taxed at 30% I net about $100K. If I make a million and I'm taxed at 90% I net $100K.
These people are fools.
Um, you realize that only the amount above 1M would be taxed at 90%, right?
I guess people don't remember these exact same tax rates when we had the largest Middle Class in the history of the World and probably the fastest growing economy.
I love these comments about a 90% tax rate, If I make $140K and I'm taxed at 30% I net about $100K. If I make a million and I'm taxed at 90% I net $100K.
These people are fools.
Hey, now... that particular fool is paying $45,530 in annual tuition and fees alone (not including living expenses, books, etc.) to not even learn how what you posted is mathematically true.
Um, you realize that only the amount above 1M would be taxed at 90%, right?
And? If I make 1 million and I'm taxed at 30% my net is $700K. If I make 2 million my net is $800K.
There is no incentive for me to go out and make 2 million, why bother? Understand it's people that own medium sized business's that are going to fall into this category, they are the cornerstone of our economy.
And? If I make 1 million and I'm taxed at 30% my net is $700K. If I make 2 million my net is $800K.
There is no incentive for me to go out and make 2 million, why bother?
Yeah, it's not something I agree with completely. I think we need to move away from taxing income and tax consumption. Those with more wealth, usually consume more naturally.
And some of the richest/most politically powerful people do not have wages/income but passive and unearned income. They would still pay their share by consuming, which today they are not.
It goes WAY beyond not speaking well. She didn't know the facts relevant to her cause, and she's mathematically inept.
Northeastern University should be embarrassed. No one watching that can even begin to conclude Keely's getting an adequate education there at a cost of $45,530 in annual tuition and fees, alone (not even including living expenses, books, etc.).
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