I see no problem in subsidizing education and dropping subsidies on Big Oil and all. Seriously, you'd rather give tax dollars to big oil profit rather than educate the very people who pay those tax dollars?!?
As for "half pay no Federal taxes", I believe that is simply untrue. Just look at the rates of vehicle ownership in the US.
I just wish that somebody would show ONE of these subsidies to a single oil company. As much as is claimed that they get, I would tend to think the it could be shown, maybe dug up out of a GAO report or something? I've not seen anything yet.I see no problem in subsidizing education and dropping subsidies on Big Oil and all. Seriously, you'd rather give tax dollars to big oil profit rather than educate the very people who pay those tax dollars?!?
The college assumes ZERO risk on your education - only the rewards of the agreement that you sign. Perhaps the colleges themselves should be responsible for providing student loans, or at least they should assume some level of risk since their financial aid office likely advised you to take out the loans to pay for school..
This is not true, the colleges due assume some of the responsibility in making sure their students are paying their loans. They must maintain a Default Rate that is acceptable(25% or less normally) or their Federal Finacial Aid will be reduced or eliminated.
So yes schools do care about the product they are producing and generally speaking the FA office does not like the fact that the loan eligiblity maximums keep going up. They are normally people with a degree, normally loans also and know the difficulties of paying them off. They are the ones tasked with tracking and maintaining the Default rate of the school.
It's not impossible if you get into the right field instead of living in a dreamworld and saying "I like art and dolphins so I am going to be a marine biologist and a painter in my spare time for extra cash." Marine Biology is an EXTREMELY competitive field.
I can only say what I read and it has been written repeatedly that half pay no Federal taxes. I cannot personally verify this poll or any other poll.
I cannot verify that GE paid no taxes but received billions in free money as it was moving part of its business to China. Given the information available, I accept it.
Of all the money the government spends, giving students a loan rate let's say the same as they give the banks, would not be unreasonable and we might get a better educated population.
Just consider the billions we keep sending overseas or pay to the farmers, welfare, you know, the never ending list.
The "half pay no Federal taxes" is net.
Make the previous read: Federal Income Tax.There are a lot of Federal taxes, everyone who has a dollar in their pocket pays some form somewhere along the way.
It's interesting the views people hold. Friedman was against a Federal individual income tax, but thought that a negative income tax was a good step along the way. He was not opposed to many other Federal taxes.
Make the previous read: Federal Income Tax.
Is that better?
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