Peter Schiff: Somebody Has To Pay For Student Loan Forgiveness

[Cuddles]

I know it's difficult for Americans to comprehend the value of mixed education, such as the guy you talked to. With his finance degree and plumber experience he will know how to fix plumbings and he will be able to run an efficient business which may even grow enough to hire a few guys in the process.
It seems entirely expected today for higher level business and government to have both JD and MBA degrees. So why not History and Biology or Art and computer science? There is so much to learn from people with very different perspectives.

"OMG what are all these physicists doing in finance?" ___anticollege tards probably

 

[Frederick Foresight]

How much do you spend on your own security and security of your possessions and your family?

Probably not 3 to 20 times more than my neighbors spend.

 

[Poljot]

There is no free lunch, in Europe health care and university education are almost free but personal income tax rates above 50% and 20%+ VAT in some countries.

 

[VicBee]

There is no free lunch, in Europe health care and university education are almost free but personal income tax rates above 50% and 20%+ VAT in some countries.

While in the US the tax rate is around 35-40%, then you pay 12k a year in health insurance if you're in great shape and you pay 250k for your kid's college education.

 

[murray t turtle]

You will never get liberals to understand basic economics. When they hear "free", they believe that it doesn't cost anything to anyone anywhere for any reason, and it's the greatest thing since climate change.

%%
THAT;
+ Mr Biden has such a good track record of being overruled by SCOTUS. Maybe months after the election, SCOTUS smacks down that nonsense + the borrowers now owe much more interest.........................................................................

 

[gkishot]

I know it's difficult for Americans to comprehend the value of mixed education, such as the guy you talked to. With his finance degree and plumber experience he will know how to fix plumbings and he will be able to run an efficient business which may even grow enough to hire a few guys in the process.
It seems entirely expected today for higher level business and government to have both JD and MBA degrees. So why not History and Biology or Art and computer science? There is so much to learn from people with very different perspectives.

I have no problem with that if he does what he likes best working as a plumber and pays for extra knowledge to run a successful business.

 

[Sprout]

I know it's difficult for Americans to comprehend the value of mixed education, such as the guy you talked to. With his finance degree and plumber experience he will know how to fix plumbings and he will be able to run an efficient business which may even grow enough to hire a few guys in the process.
It seems entirely expected today for higher level business and government to have both JD and MBA degrees. So why not History and Biology or Art and computer science? There is so much to learn from people with very different perspectives.

Truth be spoken.

Being a generalist, doesn't make much sense to a specialist. However the ability to see relationships in seemingly disparate fields of human endeavor is more a superpower than a liability.

It's a increasingly appreciated set of skills.

 

[gkishot]

Truth be spoken.

Being a generalist, doesn't make much sense to a specialist. However the ability to see relationships in seemingly disparate fields of human endeavor is more a superpower than a liability.

It's a increasingly appreciated set of skills.

I have no problem with a generalist, but not every field of study he or she decides to pursue should require passing exam and scoring academic points. It's not necessary to be a successful generalist.

 

[The_Krakenite]

I'm wondering, for those who did pay their own debts, do they get something compensated pro-rata, or are they really double-penalized?

First, they get screwed for being the responsible party and paying their own debts, then they get double-screwed by having to PAY for everyone else's irresponsible debts?

How is that fair?

 

[VicBee]

I have no problem with a generalist, but not every field of study he or she decides to pursue should require passing exam and scoring academic points. It's not necessary to be a successful generalist.

That's a different subject and one I can agree with you. Too often in Europe a diploma or degree is required to do something that could be learned on the job in 1-3 months. I know someone in his late 50s who lost his job. In order to continue getting unemployment benefits he needs to get a job or retrain. Since he is a nature photographer as a serious hobby, he thought operating a drone would help him with creating a related business, so he enrolled in a 12 weeks class to be a certified drone operator. I looked at his 150 pages class manual which is incredibly detailed, encompassing meteorology, electrical engineering, flight regulations and laws, etc as prerequisites to hands on operating the drone. He will be tested and must pass the exam to become a certified drone operator.
I laughed it off as another crazy certification European are known for because in the US you just buy your drone, figure out how to operate it and that's it. We call it freedom from government regulations.
But come to think of it, wouldn't you want someone operating a drone as a business to have the "expertise" to assist a customer with whatever project? I bet European in the room would think yes, while Americans would only care about the end result...