If I didn't have to pay almost 1k a month between my wife and I's student loans I'd probably be saving to buy a house and spending money on a server for a personal project I want to get started on. My wife has a small business she wants to try to start in her off time, so we would probably be getting that in the works. We'd also be investing and saving.

But instead I pay an extra grand a month into a student loan pool that nets the government tens of billions of dollars a year. We've effectively turned higher education into a tax on people who seek it, when it should be distributed across the entire population since I'm already making more income and therefore paying more in taxes.



Decreasing taxes and stuff can increase jobs if capital isn't available to businesses, i.e. if the number of jobs that can be created isn't enough to meet the full demand, but once capital is available (which is usually the case) then further increasing funds available to businesses won't drive job creation.

This post was edited by Thor123422 on Apr 15 2020 11:50am

Lol what?

If costs are shared benefits should also be shared. That means you don't deserve a higher salary for whatever profession you end up in. So if you end up a doctor hopefully you're happy with making the same as a fast food worker since taxpayers paid for your education.

You have a really warped view of reality. Higher education is a product, not a right. You chose to purchase that product because it offers you a better future outlook. You can't externalize the costs while reaping the benefits, that's not fair to society.

This post was edited by ofthevoid on Apr 15 2020 03:35pm

The benefits of education are already shared in that I will pay higher taxes on my higher income, and society reaps an abundance of external benefits from having a well educated populace.

And again, you default to "this person has a fundamentally broken perception of reality" instead of "what is he thinking that I might be overlooking". Lazy thinking.

This post was edited by Thor123422 on Apr 15 2020 04:15pm

bought an inverse s&p 500 etf

It's a terrible perception of reality, one held by mainly entitled young people today. You will reap most of the benefits of getting an education not society, therefore you should pay for most of that education.

You can't take away the cost aspect of cost-benefit and expect society to come to an acceptable equilibrium.

This post was edited by ofthevoid on Apr 16 2020 07:06am

You should really go to community college and sit in on some introduction to sociology and macroeconomics courses.

You can do so for free by being nonmatriculated and doing a "class audit". You will learn about things like functional social stratification and concepts like aggregate consumption.

Not everybody can be a doctor. Anybody could flip a burger. People who can be doctors should be encouraged to be doctors and not burger flippers by circumstance. What a wasteful system that is. And since one skill is rare and more complicated than the other it gets rewarded more by societee who values that more.

So the 10000 doctors aren't going to earn the same as the 25 million Burger flippers.

With a basic understanding of social stratification anyone would understand that.

Social stratification is why drug use and sex work is frowned upon. Both of those industries are perfectly profitable. In my eyes these are functional discriminations as society should discourage drug use and sex work.

I've always been a bigger fan of meritocracy over aristocracy. Most born into the lowest social class usually are though.

This post was edited by Skinned on Apr 16 2020 07:18am

I'm getting my MBA right now. The reason i'm taking it seriously and putting in a ton of hours into the work is because it's an investment. The opportunity cost is not only the salary i'm currently foregoing but the price tag of this MBA. If you remove this price tag many would not take education as serious because the opportunity cost is much less.

We've all been through undergrad here. I remember all of my HS friends that went to the same school as me partying 4 nights out of the week living in dorms not giving two shits about school. Society subsidizing that is not only wasteful but miss allocates scarce resources.

Open a history book and look at the USSR and the shortages/oversupply of a system that removes price as an equilibrium regulator and what the aggregate effect that had on macroeconomics for that union.

But the costs of college have risen exponentially and are crippling the most productive members of society right now. There's a whole class of young professionals who cannot hope to buy property. That is f**** up.

You are describing a current system where people don't give a fuck already and you're saying that the system is working because at least those people are getting debt.

I don't believe that you would value your future and your education less if you didn't end up paying $800 a month for it in student loans after you graduate. I don't believe it.

You were already worth a shit when you went to college with the goals of working hard and running shit. The debt will build no character and will only diminish you in the long run.

Right now debt is so bad for college graduates they can't buy houses or have kids in a responsible way.

The millenials don't have it as easy as the boomers did.

This post was edited by Skinned on Apr 16 2020 07:39am

You act like college's aren't money laundering for states or at best giant corporations that CASH in.
Why is the price SOO high for college that they don't lower interest rates etc.

This post was edited by theCrossbones on Apr 16 2020 07:46am

Its funny how everyone goes on about how entitled this generation is, the boomers had NO TROUBLE buying homes, now that they own them all they want the young to rent off of them and be cash cows, which is why they tell them to suck it up and deal with ridiculous inflation THEY caused.