d2jsp
Log InRegister
d2jsp Forums > Off-Topic > General Chat > Investment & Finance > Dow Jones Base Jumping > Taking The Plunge
Prev15051525354750Next
Add Reply New Topic New Poll
Member
Posts: 92,900
Joined: Dec 31 2007
Gold: 2,299.94
Apr 16 2020 08:02am
Quote (Plaguefear @ Apr 16 2020 08:54am)
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.


tbh owning a home in most places isnt really hard to do even on a moderate budget. and in any case for most people they're better off renting, something breaks boom it gets fixed not on their dime.
Member
Posts: 28,856
Joined: Aug 11 2013
Gold: 10,712.00
Apr 16 2020 08:05am
Quote (Skinned @ Apr 16 2020 09:33am)
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.


Opportunity cost is real, doesn't matter what your beliefs are. Many people don't go to graduate school and choose work precisely because there's a cost. If you believe that higher education should be free then you should accept the notion that those benefits should also be dispersed meaning, doctors, lawyers, engineers, etc making what the plebs make.

Do you think if college was free less or more people would go? Your proposal would result in even a larger labor pool of overly educated people fighting for fewer jobs. Maybe look around? Were facing a shortage of plumbers, electricians, welders, etc not a shortage of people holding bachelors or associates in non stem fields.

Quote (theCrossbones @ Apr 16 2020 09:46am)
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.


So the answer is to subsidize this money laundering scheme for everyone?
Member
Posts: 49,888
Joined: Jun 19 2006
Gold: 3.88
Apr 16 2020 08:05am
Quote (thesnipa @ Apr 17 2020 12:02am)
tbh owning a home in most places isnt really hard to do even on a moderate budget. and in any case for most people they're better off renting, something breaks boom it gets fixed not on their dime.


That's why i pay insurance.
Member
Posts: 92,900
Joined: Dec 31 2007
Gold: 2,299.94
Apr 16 2020 08:10am
Quote (Plaguefear @ Apr 16 2020 09:05am)
That's why i pay insurance.


insurance for a broken fridge? a water leak in your washing machine line? an element that goes out on the stove?

also u have to mow, landscape, and shovel snow off your own property. etc.

owning a home is for privacy, not financial gain. you're better off renting out a house you own to others and living in a rental. i agree renting is a bit predatory, but disagree owning a home is a good thing anyways for most people.
Member
Posts: 27,048
Joined: Dec 21 2007
Gold: 14,569.69
Apr 16 2020 08:24am
Quote (ofthevoid @ Apr 16 2020 07:05am)
Opportunity cost is real, doesn't matter what your beliefs are. Many people don't go to graduate school and choose work precisely because there's a cost. If you believe that higher education should be free then you should accept the notion that those benefits should also be dispersed meaning, doctors, lawyers, engineers, etc making what the plebs make.

Do you think if college was free less or more people would go? Your proposal would result in even a larger labor pool of overly educated people fighting for fewer jobs. Maybe look around? Were facing a shortage of plumbers, electricians, welders, etc not a shortage of people holding bachelors or associates in non stem fields.



So the answer is to subsidize this money laundering scheme for everyone?


no how about control the money gouging.. They are like the healthcare system as they WAAY overcharge for their services.
Then the loans are non escapable interest rate traps.
its a great combination
Member
Posts: 28,856
Joined: Aug 11 2013
Gold: 10,712.00
Apr 16 2020 08:46am
Quote (theCrossbones @ Apr 16 2020 10:24am)
no how about control the money gouging.. They are like the healthcare system as they WAAY overcharge for their services.
Then the loans are non escapable interest rate traps.
its a great combination


Making higher education free will result in even more people wanting to obtain it. This means higher demand for education, meaning schools can charge more for their services since there are limited seats and and now there's higher demand. There's a reason why costs have gone up a bunch since more and more people are encouraged to go to college because they can get gov't loans.

If you want cheaper education, you don't eliminate the cost to the individual, that will actually result in exploding enrollment with these institutions being able to charge whatever they want since gov't is covering it.

I have no issues with government partially subsidizing some masters/phd programs in STEM fields, i think that would actually be a good idea since there's a shortage for those professionals. But it makes no sense to subsidize it for non-stem undergrad considering there is already a glut of those types of people. Like i said we need more people going into the trades not getting sociology and psychology degrees.
Member
Posts: 27,048
Joined: Dec 21 2007
Gold: 14,569.69
Apr 16 2020 08:52am
Quote (ofthevoid @ Apr 16 2020 07:46am)
Making higher education free will result in even more people wanting to obtain it. This means higher demand for education, meaning schools can charge more for their services since there are limited seats and and now there's higher demand. There's a reason why costs have gone up a bunch since more and more people are encouraged to go to college because they can get gov't loans.

If you want cheaper education, you don't eliminate the cost to the individual, that will actually result in exploding enrollment with these institutions being able to charge whatever they want since gov't is covering it.

I have no issues with government partially subsidizing some masters/phd programs in STEM fields, i think that would actually be a good idea since there's a shortage for those professionals. But it makes no sense to subsidize it for non-stem undergrad considering there is already a glut of those types of people. Like i said we need more people going into the trades not getting sociology and psychology degrees.


I never said make it free.. I said control the price gouging.
I'm in the trades.. I make a really good wage in my opinion.. BUT that is not the norm as most trades are undervalued and make shit.. Most tradesmen work for companies that do shady 1099 practices for their work, class them as sub tier contractors and the employee ends up owing taxes on low wages.. Only way that really gets avoided is unions and I doubt you are a union supporter so for all your great ideas just to "let it stop" How??? again there is not enough control to stop the richer guys from robbing the poor. It's systemic and we are economically SO far right its out of whack. (50's tax bracket top 3 were taxed at 90%) I do agree with the ridiculous subject matter that people choose sometimes.. There is no living wages in a lot of the fields these people pick unless they are the .25 of 1%


This post was edited by theCrossbones on Apr 16 2020 08:53am
Member
Posts: 64,763
Joined: Oct 25 2006
Gold: 0.00
Apr 16 2020 10:05am
Quote (ofthevoid @ Apr 16 2020 08:04am)
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.


Somehow every other industrialized country is doing just fine

Youre making a bunch of claims that are easily debunked by just having a basic knowledge of how education works in basically all of Europe. Germany is the most productive in the world and (according to the German post doc I work with) they only have to pay a few hundred euros a semester.

It makes it really ironic that you then say I have a broken view of reality.

This post was edited by Thor123422 on Apr 16 2020 10:10am
Member
Posts: 92,900
Joined: Dec 31 2007
Gold: 2,299.94
Apr 16 2020 10:07am
Quote (Thor123422 @ Apr 16 2020 11:05am)
Somehow every other industrialized country is doing just fine


zero assault weapons, legal pot, and low body fat.

nty.
Member
Posts: 28,856
Joined: Aug 11 2013
Gold: 10,712.00
Apr 16 2020 10:17am
Quote (Thor123422 @ Apr 16 2020 12:05pm)
Somehow every other industrialized country is doing just fine

Youre making a bunch of claims that are easily debunked by just having a basic knowledge of how education works in basically all of Europe. Germany is the most productive in the world and (according to the German post doc I work with) they only have to pay a few hundred euros a semester.

It makes it really ironic that you then say I have a broken view of reality.


And in those same countries those skilled professions make no where close to what skilled professions make in the US. Like i said, you want free college? great, hope you're happy making 50% less.

Just as an example from a quick google search

Average wage for a doctor in Europe 100k

Average wage for a doctor in the US 290k

This post was edited by ofthevoid on Apr 16 2020 10:18am
Go Back To Investment & Finance Topic List
Prev15051525354750Next
Add Reply New Topic New Poll