So what do you guys think of dems leading candidates wanting to excuse student loan debt?

Make the student loan debt a tax deductible for the upcoming years until it's neutral. No interest (on the loan) until/unless the person leave school or stop working in the field of his diploma/studies.

This allow: someone to pursue a career that is prohibitively expensive while having a promise of it being paid back eventually. This would also allow poorer people of filling higher wage jobs, which would lead to more tax paid in the long term. Finally, this also serve as a motivator to work since otherwise, you'll be under a heavy student debt.
Build of the week #9 - Breaking your face with style http://www.youtube.com/watch?v=v_EcQDOUN9Y
IGN: Poltun
"
faerwin wrote:
Make the student loan debt a tax deductible for the upcoming years until it's neutral. No interest (on the loan) until/unless the person leave school or stop working in the field of his diploma/studies.

This allow: someone to pursue a career that is prohibitively expensive while having a promise of it being paid back eventually. This would also allow poorer people of filling higher wage jobs, which would lead to more tax paid in the long term. Finally, this also serve as a motivator to work since otherwise, you'll be under a heavy student debt.


and watch everyones income tax raise to 70%. fair trade?
Student loan interest IS tax deductible. Trust me, I know.
Censored.
I wonder at what point people are going to stop and smell the roses.

If things speed up in the way they are currently moving then what's being taught today is going to be mostly redundant. And by the time you managed a specialty you might have a solid 15/20 years in that field untill you get replaced by robotics/ai and need to re-educate yourself in the next specialized field(which in return also get's replaced by automation).

And this process is going to speed up, so at first you might have 15/20 years of active labour in a field, give it another ten years of development and the pace probably drops to 10/15 years and then 5/10 etc etc

Untill people simply can't out-pace it and become entirely redundant for productivity or labour.

This is already visible in army's and war around the globe(a heavy investment branch of nations and always on the forefront of technologie for obvious reasons) where we see more and more automation in warfare and more and more unmanned technologies that require a "specialist sqaud" to control that replaces many single individual soldiers.

So yeah, this is all just intelligence confetti missing the entire point of the future we are moving towards and the actions states should be making if they are actually serious about the next evolution of mankind.

Current schools and education are a direct result of the industrial revolution.
Which took over "physical" labour from humans and forced more people into non-physical labour professions.
With that part being perfected as we speak(give it another 10/20 years max) people will turn to structures that replace mental-labour or out-perform humans. Just like a machine can replace multiple workers a machine that replicates mental excercices will do the same.(already the case with a computer and it's inherent calculations for example)

So far any specific task that an AI was utilized for outperformed his/her human counter-part.

So here comes the kicker, if a machine can write a novel no human author could ever surpass.
Or create a painting of absolute beauty that nobody could ever out-do.
Or play a game better then it's AI counter-part.
Design a house or a car better then any amount of the brightest people alive.

What do humans do? What is our role and how do we handle this situation.

Go break your nugget over that while people flaunt "excuse student loands for all" in front of your eyes.

Peace,

-Boem-
Freedom is not worth having if it does not include the freedom to make mistakes
"
kolyaboo wrote:
Student loan interest IS tax deductible. Trust me, I know.


only the interest?
Build of the week #9 - Breaking your face with style http://www.youtube.com/watch?v=v_EcQDOUN9Y
IGN: Poltun
"
xMustard wrote:
"
faerwin wrote:
Make the student loan debt a tax deductible for the upcoming years until it's neutral. No interest (on the loan) until/unless the person leave school or stop working in the field of his diploma/studies.

This allow: someone to pursue a career that is prohibitively expensive while having a promise of it being paid back eventually. This would also allow poorer people of filling higher wage jobs, which would lead to more tax paid in the long term. Finally, this also serve as a motivator to work since otherwise, you'll be under a heavy student debt.


and watch everyones income tax raise to 70%. fair trade?


You'd get more return in the form of a higher amount of high level jobs than the government would spend.
Build of the week #9 - Breaking your face with style http://www.youtube.com/watch?v=v_EcQDOUN9Y
IGN: Poltun
"
Boem wrote:
I wonder at what point people are going to stop and smell the roses.

If things speed up in the way they are currently moving then what's being taught today is going to be mostly redundant. And by the time you managed a specialty you might have a solid 15/20 years in that field untill you get replaced by robotics/ai and need to re-educate yourself in the next specialized field(which in return also get's replaced by automation).

And this process is going to speed up, so at first you might have 15/20 years of active labour in a field, give it another ten years of development and the pace probably drops to 10/15 years and then 5/10 etc etc

Untill people simply can't out-pace it and become entirely redundant for productivity or labour.

This is already visible in army's and war around the globe(a heavy investment branch of nations and always on the forefront of technologie for obvious reasons) where we see more and more automation in warfare and more and more unmanned technologies that require a "specialist sqaud" to control that replaces many single individual soldiers.

So yeah, this is all just intelligence confetti missing the entire point of the future we are moving towards and the actions states should be making if they are actually serious about the next evolution of mankind.

Current schools and education are a direct result of the industrial revolution.
Which took over "physical" labour from humans and forced more people into non-physical labour professions.
With that part being perfected as we speak(give it another 10/20 years max) people will turn to structures that replace mental-labour or out-perform humans. Just like a machine can replace multiple workers a machine that replicates mental excercices will do the same.(already the case with a computer and it's inherent calculations for example)

So far any specific task that an AI was utilized for outperformed his/her human counter-part.

So here comes the kicker, if a machine can write a novel no human author could ever surpass.
Or create a painting of absolute beauty that nobody could ever out-do.
Or play a game better then it's AI counter-part.
Design a house or a car better then any amount of the brightest people alive.

What do humans do? What is our role and how do we handle this situation.

Go break your nugget over that while people flaunt "excuse student loands for all" in front of your eyes.

Peace,

-Boem-


What you're saying is mostly correct but people don't want to deal with that until it's already happened. The riots will be epic.
GGG banning all political discussion shortly after getting acquired by China is a weird coincidence.
Student loan debt forgiveness is an exceedingly immoral idea, even by modern Democrat standards.

The people that took out the loans are primarily middle/upper class kids. The people paying the taxes is everybody. The end result is an increase in taxes for blue-collar/high-school workers to pay for the ivory tower dreams of a bunch of whiny, lazy rich kids.

If anyone thinks this is a great idea, congrats, you're just classist scum that hates poor people.

The only two reforms that I've seen that are even remotely reasonable are:

1) Allow people to take student loans out of their own social security account. For most people, they'll end up paying it back in spades, but it's a measured risk that individuals can take without overtly relying on the public largess.

2) Allow student loans to be expunged in bankruptcy. Lenders will now start asking really pertinent questions about "how good are your grades?" and "what do you plan to do with this degree?" Enrollment will decrease, prices will decrease, college might start returning to fiscal sanity.
"
pneuma wrote:
2) Allow student loans to be expunged in bankruptcy. Lenders will now start asking really pertinent questions about "how good are your grades?" and "what do you plan to do with this degree?" Enrollment will decrease, prices will decrease, college might start returning to fiscal sanity.


This is a really smart solution. The fact that none of these candidates has floated it shows what a load of grifters they are.
Censored.
"
kolyaboo wrote:
"
pneuma wrote:
2) Allow student loans to be expunged in bankruptcy. Lenders will now start asking really pertinent questions about "how good are your grades?" and "what do you plan to do with this degree?" Enrollment will decrease, prices will decrease, college might start returning to fiscal sanity.

This is a really smart solution. The fact that none of these candidates has floated it shows what a load of grifters they are.

It's not malice. It's a belief that more college is more better in all cases, so college attendance should be 100% of the population.

The reality is that not everybody is meant for college, not every job needs or wants college education, and the costs incurred in paying for the entire edifice for every youth in America is extraordinarily high (and only rises when the producers of the college service realize they're given a blank check by the public).

---

More thoughts...

There is a space in this world between academia and complete ignorance, too, and it's not a small amount of jobs nor easily replaceable/automatable jobs. Most business owners, most blue-collar workers, and most creative people don't require a college education but are far from stupid.

In a similar vein, most people with hiring power are extraordinarily lazy and require a bachelor's as a signal of intelligence in lieu of something like a performative test. Besides being of questionable use, if you just let everyone into college, it stops being an effective signal of intelligence anyway.

I've made it a point to not inspect the credentials of anyone I hire unless it's absolutely relevant, and it almost never is. It takes more time to interview this way, but I want to live by the same standards I hold. People will surprise you if you give them the chance.
Last edited by pneuma on May 2, 2019, 10:00:23 PM

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