I believe her position is that “the rich” are going to finance all of this stuff. The reality is that a sufficiently large revenue stream likely doesn’t exist unless “rich” means something other than millionaires and billionaires.
I believe her position is that “the rich” are going to finance all of this stuff. The reality is that a sufficiently large revenue stream likely doesn’t exist unless “rich” means something other than millionaires and billionaires.
Concrete meaning gross income. What is the lower numeric threshold for rich?
“AOC: Sure, but we can pay for it with additional taxes on the rich.”
The difference in cost between the things you listed is dramatic.
At some point someone is going to need to define “the rich” in concrete terms.
I wouldn’t want to be in any sort of profession that may be on a collision course with federally mandated financial accessibility. Healthcare is not a very good example.
“In the gig economy, workers will likely have many gigs over the course of their careers, which means they will have to be lifelong learners.”
I generally agree with you. I’d just argue that it’s really the only reason things are where they are. Colleges and universities (and the federal government) are just responding to consumer demand.
Colleges and universities can charge whatever they like as long as people are lining up to pay it. Combine that with people that treat post-secondary education as an “investment” rather than an investment with quantifiable costs and returns and you get a mess.
“I love that you’re saying that everyone should be able to understand personal finance”
Debt as universally bad is the financial equivalent of being the assigned the tambourine in a band. It’s more complicated than that. Debt is a tool. It is not innately good or bad.
1) How do you reconcile the fact that the system is fluid? You can surely teach fundamentals since those don’t really change all that often but do you really have enough instruction hours to cover specifics knowing that they almost certainly change? Are there not fundamental concepts that won’t change that would…
“It was almost inarguably much worse than anything in the 90s or 2000s/2010s, which makes it worse than any year lived by a large percentage of the people that visit here.”
People might not like it but a lot of financial success comes down to plain old math. Education, careers, home ownership, retirement, most of our decisions come down to basic math and we live in a country where people prefer blind adherence to index card axioms rather than sitting down with a calculator and figuring…
If other millennials (yep, I’m a millennial too) do not understand that 40 years of runway is plenty of time to tackle retirement they need to be bombarded with that fact until they do. The fact that old people are screwed is not our problem to solve. You know how in the safety briefing before flying you’re told to…
Clearly these staffers don’t understand that economic inequality is the root of these problems. As soon as Bernie fixes that sexual harassment and violence will solve themselves.
The law limits Amazon from selling stuff it makes itself. There’s no limit to buying products produced by someone else that Amazon happens to resell.
“Sure, but there are also people who did everything right and are now screwed because others thought it would be fun to gamble with their futures.”
GMG: Crippling student debt! We’re broke! We’re destitute! Goddamn it all!