Bofferbrauer2 said:
1. Still, since they are still a developing country. But China is growing much faster than the US and will overtake them soon. US Has a total GDP of 20 Trillion while China is at 15 Trillion and growing at twice the speed of the US. 20 years ago the US economy was still 3 times bigger than the Chinese economy, now that's down to 25% 2. Or just cut the military budget and get some taxes from corporations and the super-rich, as they are paying next to nothing now, and certainly much, much less than they should, even some of them acknowledged that, and that was before Trumps tax cuts. Also, drop financial aid? You do know that the US already pay much less then every other developed country as part of their GDP, and that financial aid generally pays out in the long run as these countries tend to like to deal with you in very generous terms. 3. Because it's unsustainable on the long run. At some point even the banks won't be willing to lend that much money without guarantees anymore - but what guarantee do you have to make it to your diploma and get a well-paid job that you can present to the bank beforehand? Especially in times of crisis and/or recession there's nothing you can give them unless they have rich parents who can guarantee to pay it back or poorer families who will have to gamble on their house and/or car as guarantees to the bank - at which point many poorer people will not be going to get higher degrees as the risks get too high. This then means less income for the Universities, thus jacking up the prices even higher to compensate, resulting finally in just the rich being able to afford an University degree. That's also why I said you imply a degree only for the rich, as that would be the result in the long run if nothing changes. Youtube videos? Tell that to headhunters and employers who only look at your diplomas. |
1. China eventually learned about capitalism. Glad you notice how capitalism is the way to go. However, the United States is still ahead and China is plateauing right now. Not to mention the capita per income in China is embarrassing. Also, I forgot to say the United States has more GDP than the whole European union lol.
2. Even though we spend a lot of money on the military, it still won't cover the cost of social programs. Even if we drop the cost to $0. Not to mention military spending when done right does come up with useful inventions (Internet, GPS, microwaves, etc) and makes other countries think twice about starting wars with us. Which saves us a lot of money in the long run. The rich pay the majority of our taxes as it is. If we tax them to death, they will eventually leave and we get nothing. That includes jobs. We can drop financial aids and other countries will still do deals with us because we are leading in pretty much every relevant industry.
3. Except private banks won't be lending a lot of money compare to the federal government because private banks will be pickier. Therefore the price will go down because Universities will have no choice. Also, there are no guarantees, but there are statistics to see which loan is the best bet. Not to mention Universities can downsize on useless stuff and curriculums. Universities have a lot of ways to generate money. Just look at the sports program.
Youtube videos can teach you many things young padawan. I've made over $15,000 side money online last year thanks to some youtube videos. You can learn to program and build a portfolio, run a landlord business (which I am doing on the side now) and more. If you can prove to people you can do the job, they won't care if you have a degree unless the government forces it of course. I still remember my doctor using google/ a youtube video to help diagnose an issue I was having. What a time to live.
Last edited by Snoopy - on 09 March 2019
