Bernie

auroraave
Posts: 2331
Joined: Wed May 01, 2019 9:35 pm
Location: Beverly Hills, Ca.

Re: Bernie

Post by auroraave » Wed Mar 04, 2020 2:57 pm

Coeurd’Alene J wrote:
Wed Mar 04, 2020 3:04 am
What I don’t get about the Bernie bro’s is the fact that being a college educated millennial and wanting all the free stuff, forgive student loans, free education, Medicare for all. What does that say about our education system when you don’t figure out the easiest principle of all....

THERES NO SUCH THING AS A FREE LUNCH

$300k per person......ya let’s vote for that..................
His plan to fund his education proposition, whether it is actually feasable or not, is via a tax on 'Wall Street speculation" which means a small tax on every wall street transaction. It's an interesting idea.

Obviously the bigger problem is the fact that colleges and universities are now nothing more than for-profit institutions, and no longer academic institutions, and if they were ever given a blank check (hey, the gov's giving out free educations!) the costs would just keep escalating. Therein lines the bigger problem - both fiscally and philosophically.

User avatar
bpj
Posts: 15146
Joined: Mon Apr 29, 2019 12:55 am

Re: Bernie

Post by bpj » Wed Mar 04, 2020 2:58 pm

DanielVogelbach wrote:
Mon Mar 02, 2020 10:06 pm
bpj wrote:
Mon Mar 02, 2020 6:48 pm

Which is why Warren won't drop out to benefit Bernie.

Interesting that Hillary Clinton is in 4th place.
Seems so rigged and orchestrated. If she really believed in progressive ideals she wouldn't block the guy that has an actual lane while the opposition is strategically consolidating. We all know the superdelegates are going to f#ck over the progressive wing. I wonder if Sanders campaign has offered her a VP position yet?
I dont think Bernie is going to roll over for Hillary.

Biden on the other hand..

User avatar
D-train
Posts: 79051
Joined: Mon Apr 29, 2019 1:33 am
Location: Quincy, MA

Re: Bernie

Post by D-train » Wed Mar 04, 2020 3:47 pm

auroraave wrote:
Wed Mar 04, 2020 2:57 pm
Coeurd’Alene J wrote:
Wed Mar 04, 2020 3:04 am
What I don’t get about the Bernie bro’s is the fact that being a college educated millennial and wanting all the free stuff, forgive student loans, free education, Medicare for all. What does that say about our education system when you don’t figure out the easiest principle of all....

THERES NO SUCH THING AS A FREE LUNCH

$300k per person......ya let’s vote for that..................
His plan to fund his education proposition, whether it is actually feasable or not, is via a tax on 'Wall Street speculation" which means a small tax on every wall street transaction. It's an interesting idea.

Obviously the bigger problem is the fact that colleges and universities are now nothing more than for-profit institutions, and no longer academic institutions, and if they were ever given a blank check (hey, the gov's giving out free educations!) the costs would just keep escalating. Therein lines the bigger problem - both fiscally and philosophically.
Is he calling every Wall Street transaction speculation? The math doesn't add up if if so.
dt

User avatar
D-train
Posts: 79051
Joined: Mon Apr 29, 2019 1:33 am
Location: Quincy, MA

Re: Bernie

Post by D-train » Wed Mar 04, 2020 3:57 pm

Goldman Sachs earned 8.7 billion last year. Let's say you taxed them another 10%. That would be $870 million. Cost per year of free college is $79 billion. $79 billion/870 million is 91. That means you would need 91 Goldman Sachs to pay for it. They are the biggest WS firm on earth.
dt

auroraave
Posts: 2331
Joined: Wed May 01, 2019 9:35 pm
Location: Beverly Hills, Ca.

Re: Bernie

Post by auroraave » Wed Mar 04, 2020 4:39 pm

D-train wrote:
Wed Mar 04, 2020 3:47 pm
auroraave wrote:
Wed Mar 04, 2020 2:57 pm
Coeurd’Alene J wrote:
Wed Mar 04, 2020 3:04 am
What I don’t get about the Bernie bro’s is the fact that being a college educated millennial and wanting all the free stuff, forgive student loans, free education, Medicare for all. What does that say about our education system when you don’t figure out the easiest principle of all....

THERES NO SUCH THING AS A FREE LUNCH

$300k per person......ya let’s vote for that..................
His plan to fund his education proposition, whether it is actually feasable or not, is via a tax on 'Wall Street speculation" which means a small tax on every wall street transaction. It's an interesting idea.

Obviously the bigger problem is the fact that colleges and universities are now nothing more than for-profit institutions, and no longer academic institutions, and if they were ever given a blank check (hey, the gov's giving out free educations!) the costs would just keep escalating. Therein lines the bigger problem - both fiscally and philosophically.
Is he calling every Wall Street transaction speculation? The math doesn't add up if if so.
Wall Street speculation is any type of transaction - when you buy a stock, that is considered speculation. Every time someone buys/sells stocks, there is a small tax on that transaction. There is no way to crunch the numbers accurately to draw a tangible conclusion, but that is the methodology he is suggesting. It is pretty interesting ideology. That, to me, is not the problem in the equation, the problem will be the immediate escalation of tuition costs once 'it's free'. That's before the abuse and scams even settle in. I am not at all on board with the Feds providing that service. If states want to, they should explore that, but keep the incompetent, inefficient Feds out of it.

How's Boston treating you? Hope you're doing well. Sunny and warm here!

DanielVogelbach
Posts: 1263
Joined: Sat Jun 08, 2019 7:43 pm

Re: Bernie

Post by DanielVogelbach » Wed Mar 04, 2020 4:51 pm

D-train wrote:
Tue Mar 03, 2020 11:50 pm

If the price in the US were capped at Canada's prices Pharma companies would lose all ability to raise capital and would all go out of business.
At some point, the sh!t is a commodity. We don't pay 10x for a beer, but we pay 10x for insulin. In a "free market" people in Canada could sell their cheap insulin to American consumers. What you're saying sounds like propaganda.

One thing politicians never really talk about is why we're so sick to begin with. "Disease Care Industry"

DanielVogelbach
Posts: 1263
Joined: Sat Jun 08, 2019 7:43 pm

Re: Bernie

Post by DanielVogelbach » Wed Mar 04, 2020 5:45 pm

auroraave wrote:
Wed Mar 04, 2020 4:39 pm
Wall Street speculation is any type of transaction - when you buy a stock, that is considered speculation. Every time someone buys/sells stocks, there is a small tax on that transaction. There is no way to crunch the numbers accurately to draw a tangible conclusion, but that is the methodology he is suggesting. It is pretty interesting ideology. That, to me, is not the problem in the equation, the problem will be the immediate escalation of tuition costs once 'it's free'. That's before the abuse and scams even settle in. I am not at all on board with the Feds providing that service. If states want to, they should explore that, but keep the incompetent, inefficient Feds out of it.
Bernie's plan is for public institutions, so isn't the government already setting the tuition prices? Aren't these schools already partially funded by taxpayers? Did the cost of elementary school skyrocket, or do we pay the teachers small salaries? I think a good question with the Universities is "Where does all the money go?". Keep in mind every dollar from tuition, donations, and football games is 100% tax free. They invest the money in the market, and the returns are tax free. These institutions are like fortresses, and we worship them. Many people view their alma mater as a major part of their identity. The government is already involved in subsidizing them and giving them tax breaks. It's partially a massive scam, but at the same time students have no choice as corporations want college degrees for entry-level positions. The only way to change this would be if students simply stopped going to college and forced employers to fill their junior accounting and inside sales rep jobs from high school grads.

The only way the costs will come down is if students stop enrolling, right? Economically speaking, many of the degrees are just saddling kids with debt and not providing them with job skills. In the age of automation, many HR and Accounting jobs will disappear, but we'll still need electricians and AC repair guys. If we emphasize that you can go to trade schools and start making money, we might be able to lessen the demand for the University piece of paper and drive down costs. I know that in the IT industry there are many certifications a person can obtain outside of the University System that will provide them with a lucrative opportunity.

auroraave
Posts: 2331
Joined: Wed May 01, 2019 9:35 pm
Location: Beverly Hills, Ca.

Re: Bernie

Post by auroraave » Wed Mar 04, 2020 6:42 pm

Bernie's plan is for public institutions, so isn't the government already setting the tuition prices?
The federal government has zero influence in tuition costs - those are set by the institutions themselves - none of them have any affiliation with federal government. States may influence them, but it's highly, highly unlikely they have any sway in that arena. You want shit to get done right? Do it locally. Universities are FOR PROFIT institutions, the gov cannot regulate that. Not yet. And do you really want to go down that road?

These things have a way of correcting themselves. Throwing money at the problem never solves anything - ever. Promising people 'free shit' is the lowest hanging fruit of exploitation for every single Dem candidate in the history of America. Like someone else mentioned above - nothing is free. Everyone 'wants free shit' but only those with a basic level of common sense understand it's not ever free. Ever. Once the Feds get involved and bumble, stumble, fumble around and water it down, it'll somehow be 150% MORE expensive. What does that mean? It means college just got MORE expensive.

If the states wanna get onto it - they should go nuts. Tasking the idiots at the federal level with this can only be a lose-lose scenario. FREE SHIT DOES NOT EXIST. I like Sanders and think he is sincere in his ambitions, I just don't want the Feds involved - Jesus Christ how many times does that fail before we learn the lesson? You don't need to go to college to figure that one out.

And by the way - You, me, no one is ENTITLED TO ANYTHING. nothing. nada. zip. This notion that we "are entitled to shit' is the most misguided notion of all time. You are entitled to nothing. You can pile on all the 'yeah buts' you want, but the cold reality of life is that you are entitled to nothing. Like all creatures, you go and earn it. It's called personal accountability. Seems to have gotten lost on the Democrats.

DanielVogelbach
Posts: 1263
Joined: Sat Jun 08, 2019 7:43 pm

Re: Bernie

Post by DanielVogelbach » Wed Mar 04, 2020 7:01 pm

auroraave wrote:
Wed Mar 04, 2020 6:42 pm
Bernie's plan is for public institutions, so isn't the government already setting the tuition prices?
The federal government has zero influence in tuition costs - those are set by the institutions themselves - none of them have any affiliation with federal government. States may influence them, but it's highly, highly unlikely they have any sway in that arena. You want shit to get done right? Do it locally. Universities are FOR PROFIT institutions, the gov cannot regulate that. Not yet. And do you really want to go down that road?

These things have a way of correcting themselves. Throwing money at the problem never solves anything - ever. Promising people 'free shit' is the lowest hanging fruit of exploitation for every single Dem candidate in the history of America. Like someone else mentioned above - nothing is free. Everyone 'wants free shit' but only those with a basic level of common sense understand it's not ever free. Ever. Once the Feds get involved and bumble, stumble, fumble around and water it down, it'll somehow be 150% MORE expensive. What does that mean? It means college just got MORE expensive.

If the states wanna get onto it - they should go nuts. Tasking the idiots at the federal level with this can only be a lose-lose scenario. FREE SHIT DOES NOT EXIST. I like Sanders and think he is sincere in his ambitions, I just don't want the Feds involved - Jesus Christ how many times does that fail before we learn the lesson? You don't need to go to college to figure that one out.

And by the way - You, me, no one is ENTITLED TO ANYTHING. nothing. nada. zip. This notion that we "are entitled to shit' is the most misguided notion of all time. You are entitled to nothing. You can pile on all the 'yeah buts' you want, but the cold reality of life is that you are entitled to nothing. Like all creatures, you go and earn it. It's called personal accountability. Seems to have gotten lost on the Democrats.
Doesn't federal Law doesn't provide tax-exempt status to Universities? Doesn't the federal government provide grants and loans?

I view the Universities as a cog in the wheel of the corporatocracy. My view is they should be scrutinized. Not all bad necessarily, but largely a scam. Any sort of plan to make college free for qualified applicants should address the overall role of universities in our economy. In short, college is oversold.

User avatar
D-train
Posts: 79051
Joined: Mon Apr 29, 2019 1:33 am
Location: Quincy, MA

Re: Bernie

Post by D-train » Thu Mar 05, 2020 12:47 am

auroraave wrote:
Wed Mar 04, 2020 4:39 pm
D-train wrote:
Wed Mar 04, 2020 3:47 pm
auroraave wrote:
Wed Mar 04, 2020 2:57 pm


His plan to fund his education proposition, whether it is actually feasable or not, is via a tax on 'Wall Street speculation" which means a small tax on every wall street transaction. It's an interesting idea.

Obviously the bigger problem is the fact that colleges and universities are now nothing more than for-profit institutions, and no longer academic institutions, and if they were ever given a blank check (hey, the gov's giving out free educations!) the costs would just keep escalating. Therein lines the bigger problem - both fiscally and philosophically.
Is he calling every Wall Street transaction speculation? The math doesn't add up if if so.
Wall Street speculation is any type of transaction - when you buy a stock, that is considered speculation. Every time someone buys/sells stocks, there is a small tax on that transaction. There is no way to crunch the numbers accurately to draw a tangible conclusion, but that is the methodology he is suggesting. It is pretty interesting ideology. That, to me, is not the problem in the equation, the problem will be the immediate escalation of tuition costs once 'it's free'. That's before the abuse and scams even settle in. I am not at all on board with the Feds providing that service. If states want to, they should explore that, but keep the incompetent, inefficient Feds out of it.

How's Boston treating you? Hope you're doing well. Sunny and warm here!
If he means all stock transactions but says Wall St. speculation that is one of the biggest spins of all time. If so he is trying to insinuate that only big Wall street fat cats running hedge funds will be taxed and 401ks and basic mutual funds that the majority of Americans have won't be impacted. If he means all stock transactions he should say that. If he means what are typically considered true speculative credit default swaps, arbitrages or shorting equities it wouldn't be close to being enough to cover especially when tuition goes up in the scenario that you point out.

The other consequence is that millions more people will go to college who either didn't want to pay for it or didn't have the aptitude or desire to go because its now free. I don't have much interest in driving a hybrid but I would definitely take one for free. lol

Loving the Boston area so far and the job more. Thanks. I have never been a hot weather guy and I like diverse weather so I don't mind it here at all. It was actually over 60 yesterday. Unless I am at the beach or at a lake 75 degrees is plenty warm for me.
dt

Post Reply