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Hello Althea,
Anyone who has committed high crimes and misdemeanors should be tried, and if found guilty, should face the punishment the court rules. White collar crimes are largely overlooked, and that is a sham. I suspect many who knowingly drove the economy into the ditch for personal gain should face prosecution but crony capitalism prevents it.
Incorrect. I am making no judgements. All I did was recognize the statistics of college-educated vs non college-educated. You've incorrectly changed that into wealthy vs non wealthy.
Agreed. And there is more to it than ability to hire better lawyers. Since disproportionate numbers of poor are black, while disproportionate numbers of rich are white, our justice outcomes have racial implications. Studies have shown that for similar crimes and representation, blacks are more likely to do time than whites.
Personal Ignore Policy PIP: I like civil discourse. I will give you all the respect in the world if you respect me. Mouth off to me, or express overt racism, you will be PERMANENTLY Ignore Listed. Zero tolerance. No exceptions. I'll never read a word you write, even if quoted by another, nor respond to you, nor participate in your threads. ... Ignore the shallow. Cherish the thoughtful. Long Live Civil Discourse, Mutual Respect, and Good Debate! ps: Feel free to adopt my PIP. It works well.
The positives and success stories (of the 50% of college loan borrowers who graduated) come from their better jobs and education. They are getting the benefits currently. Those benefits are possible because of those loans, now they are repaying them which they should be willing to do in return for those benefits.
It is now estimated a person with a bachelor's degree earns $1 million more than a person without a degree. If I had to borrow $28,000 (average) to make $1 million, I would be happy to repay that loan. I know a cardiologist who is repaying his loan and has a $2 million house (for sale).
You argued that the rich should pay higher taxes. More of those with college degrees fall into the top income brackets, why should we excuse their debt and turn around and increase their taxes? Giving money to the government through income taxes or loan repayments is no different.
Hi Flash,
This overlooks the benefits to society. These people are job creators.
That is incorrect. As your math clearly indicates, a loan repayment is capped. Higher taxes on the rich continue to generate revenue for as long as they maintain high income. Therefore, paying money to the government through income taxes is potentially worth far more than paying money to the government for loan repayments.
Personal Ignore Policy PIP: I like civil discourse. I will give you all the respect in the world if you respect me. Mouth off to me, or express overt racism, you will be PERMANENTLY Ignore Listed. Zero tolerance. No exceptions. I'll never read a word you write, even if quoted by another, nor respond to you, nor participate in your threads. ... Ignore the shallow. Cherish the thoughtful. Long Live Civil Discourse, Mutual Respect, and Good Debate! ps: Feel free to adopt my PIP. It works well.
I already said I don't have an explanation; but again, you miss the point. If even a Democratic president favored cutting corporate taxes then it had wider support than just Republicans.
Do you have an explanation? If not, then we both have an inability to explain it but I admitted it from the beginning.
You claimed many baby boomers are dying every day. Do you have an explanation for that or were you just stating an obvious fact?
Yes, those who attended/graduated from college are job creators because they do most of the consumer spending because they are in the upper income categories. The top 20% do 39% of consumer spending and the 4th quintile do 22.5%. The top 40% do 61.5% of consumer spending. Increasing their taxes reduces consumer spending by those who account for most of the consumer spending. [BLS].
If they are going to generate revenue as long as they maintain high income and they already do over 60% of consumer spending, why do we want to eliminate their debt? It seems like they are doing fine already. Most of them are repaying their loans while doing most of the nation's consumer spending.
This seems to negate some of the claims in an earlier post of yours. See below. Higher education does not necessarily guarantee 'preferable' qualities. It seems to guarantee that one demographic is more apt to get away with crimes. Much bigger, more damaging to society type crimes.
Originally Posted by PoliTalker
See bolded above.Incorrect. I am making no judgements. All I did was recognize the statistics of college-educated vs non college-educated. You've incorrectly changed that into wealthy vs non wealthy.
Once in a while you get shown the light, in the strangest of places if you look at it right.
[PoliTalk] "Anyone who has committed high crimes and misdemeanors should be tried, and if found guilty, should face the punishment the court rules. White collar crimes are largely overlooked, and that is a sham. I suspect many who knowingly drove the economy into the ditch for personal gain should face prosecution but crony capitalism prevents it."
"White-collar defendants are having a tough time of proving their innocence at trial, if they even get that far. Most federal criminal cases (some estimate at 97%) are settled with guilty plea agreements. Of those that go to trial, over 90% result in convictions. For those of you who have followed Operation Perfect Hedge, the Southern District of New York's crack down on insider trading, it has resulted in a perfect record of convictions for all defendants that have dared to go to trial."
https://www.forbes.com/sites/walterp.../#70810eec590a
Was it Bernie Sanders that advocated essentially extending "free" public education an extra two years, from 12 to Associate's Degree?
When the K - 12 standard was first established, a high school education was enough for a majority of citizens to live viable lives.
BUT !!
It's a new millennium, and a different world. A high school education is no longer enough without some specialized training.
Would our society benefit from revising this obsolete K - 12 standard?
"It should be obvious to anyone why conservatives and libertarians should be against Trump. He has no grounding in belief. No core philosophy. No morals. No loyalty. No curiosity. No empathy and no understanding. He demands personal loyalty and not loyalty to the nation. His only core belief is in his own superiority to everyone else. His only want is exercise more and more personal power." smb / purveyor of fact 18/03/18
Less than 50% of high school graduates and drop-outs go to college--few of those because they cannot afford it. There is no benefit in making students go an additional two years when they are not motivated to do so. Even many students who do attend college drop out because of lack of interest, goals--only 50% graduate. A better solution is using high school to learn some vocational skills. They can always attend college later if they choose to do so. We are reluctant to do that now because we are accused of discrimination if more lower income students are steered into vocational education.
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