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Post by Ratty on Aug 3, 2020 11:43:50 GMT
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Post by nautonnier on Aug 3, 2020 13:20:43 GMT
The government support for universities and for student loans is actually a money laundering scheme to pass taxpayer funds to academia. The students act as a direct pass-through. Universities put their fees up as high as the government funding support will bear. This does not improve the courses but the building trade local to the university gets to do a lot of rebuilding and building mainly of administration blocks. The students do not get any new subjects or better teaching. It is cheaper and you have a more secure career if you learn plumbing or electrics around here anyway. After 4 years you are making real money and have no debt whereas your age group from college with a low grade in Media Studies cannot make as much money and has a 'student loan' of $40K
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Post by nautonnier on Aug 3, 2020 13:47:31 GMT
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Post by missouriboy on Aug 3, 2020 14:09:35 GMT
The government support for universities and for student loans is actually a money laundering scheme to pass taxpayer funds to academia. The students act as a direct pass-through. Universities put their fees up as high as the government funding support will bear. This does not improve the courses but the building trade local to the university gets to do a lot of rebuilding and building mainly of administration blocks. The students do not get any new subjects or better teaching. It is cheaper and you have a more secure career if you learn plumbing or electrics around here anyway. After 4 years you are making real money and have no debt whereas your age group from college with a low grade in Media Studies cannot make as much money and has a 'student loan' of $40K You may be a little low on that $40K Naut. The price of a "cultural academic slave" is often much more than that. In 1860, the price of a good field slave is said to have been equivalent to the average price of a small house, and the plantation owner paid. It took Yankee business men and bankers to figure out how to transfer that acquisition cost to the new slave or the government.
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Post by nautonnier on Aug 4, 2020 14:19:44 GMT
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Post by nautonnier on Aug 4, 2020 15:51:17 GMT
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Post by nautonnier on Aug 5, 2020 13:58:01 GMT
What she says is true of UK and Aussie too this is not a simple skirmish
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Post by nautonnier on Aug 5, 2020 18:55:38 GMT
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Post by nautonnier on Aug 6, 2020 13:23:44 GMT
The problem is also that the NY taxes are at an eye watering level for that 1% and the changes made in the Federal tax system means that only the first $10K of state tax can be set against federal tax. The old system meant that the taxpayers in other states were effectively funding states and cities like New York: not any more. Cuomo may need to offer more than one drink to balance that significant outlay. The problem for New York was while everything was hunkydory and there were gourmet restaurants and high end stores and you could walk from one to the other without problem there was a certain attraction to the city and a cachet for a Manhattan or Central Park address. Now there are riots and armed robberies, the restaurants are shut and you have to eat out on the street if you can find an open restaurant and the stores are shuttered and everything is covered in graffiti some of which was written in the road by the mayor. The attractions of a low tax regime state with no riots will be significant. I don't think Cuomo will get those tax payers back - he has now lost 50% of the New York tax base and the lower end tax payers the top 15% that probably provide 30% of the tax base are furloughed or jobless and not paying tax or not as much because he has be screwing smaller businesses since March. Many of these entrepreneurs will also leave the state. I think it is possible that New York may not fully recover for decades. It is probable that the entire tri-state area is in similar problems
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Post by walnut on Aug 6, 2020 13:30:13 GMT
Going to be interesting to see if cities can ever come back. A lake house 30 miles from a suburban strip mall is a fine way to live and work remotely.
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Post by nautonnier on Aug 6, 2020 13:41:18 GMT
Going to be interesting to see if cities can ever come back. A lake house 30 miles from a suburban strip mall is a fine way to live and work remotely. Indeed. I can remember back in the days when computing was called information processing that jobs leaving towns was already being considered. The ideas were there for how it could work but the computing and communications capabilities were not yet up to the task. Now with Sky Net and other comms networks providing globally ubiquitous broadband in some businesses you have no need to be anywhere in the world - apart from some IPR and taxation issues. This will have a really significant impact on the whole of society. The urban effete doing non-jobs 9-5 and living in a townie bubble where food comes from the supermarket - or even from uber-eats. Are so separated from the real world and live in a confirmation bias bubble and anyone trying to prick the bubble is cancelled. Spread everyone out so that more live in small towns where there is far more diversity of thought and food is being grown and raised all around, attitudes will change. I am not sure anyone can forecast the eventual impact that remote working will have.
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Post by walnut on Aug 6, 2020 14:05:07 GMT
Cities are the 'progress' our ancestors worked so hard to develop. But they have come to resemble bacterial petri dishes.
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Post by nautonnier on Aug 7, 2020 16:14:48 GMT
Well what a surprise
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Post by missouriboy on Aug 8, 2020 3:14:49 GMT
Cities are the 'progress' our ancestors worked so hard to develop. But they have come to resemble bacterial petri dishes. But in the early days that "progress" was walled cities to keep the riff raff OUT and protect the productive people. Then they tore down the walls ... and now the riff raff live inside and the productive people are fleeing. If they rebuild the walls, we would then call them penitentiaries. "The Cities" of 12th-15th Century Italy.
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Post by nautonnier on Aug 8, 2020 16:50:25 GMT
Now we know why economy killing lockdowns were necessary world wide for a disease with an IFR ~0.2% It is also why the simple HCQ/zinc/Antibiotic were immediately thrown out And why China, the UN and WEF _cannot_ accept the idea of Trump winning the next election "Introducing the 'Great Reset,' world leaders' radical plan to transform the economy
For decades, progressives have attempted to use climate change to justify liberal policy changes. But their latest attempt – a new proposal called the “Great Reset” – is the most ambitious and radical plan the world has seen in more than a generation.
At a virtual meeting earlier in June hosted by the World Economic Forum, some of the planet’s most powerful business leaders, government officials and activists announced a proposal to “reset” the global economy. Instead of traditional capitalism, the high-profile group said the world should adopt more socialistic policies, such as wealth taxes, additional regulations and massive Green New Deal-like government programs.
“Every country, from the United States to China, must participate, and every industry, from oil and gas to tech, must be transformed,” wrote Klaus Schwab, the founder and executive chairman of the World Economic Forum, in an article published on WEF’s website. “In short, we need a ‘Great Reset’ of capitalism.”
Schwab also said that “all aspects of our societies and economies” must be “revamped,” “from education to social contracts and working conditions.”
Joining Schwab at the WEF event was Prince Charles, one of the primary proponents of the Great Reset; Gina Gopinath, the chief economist at the International Monetary Fund; António Guterres, the secretary-general of the United Nations; and CEOs and presidents of major international corporations, such as Microsoft and BP.
Activists from groups such as Greenpeace International and a variety of academics also attended the event or have expressed their support for the Great Reset.
Although many details about the Great Reset won’t be rolled out until the World Economic Forum meets in Davos in January 2021, the general principles of the plan are clear: The world needs massive new government programs and far-reaching policies comparable to those offered by American socialists such as Sen. Bernie Sanders (I-Vt.), and Rep. Alexandria Ocasio-Cortez (D-N.Y.) in their Green New Deal plan.
Or, put another way, we need a form of socialism — a word the World Economic Forum has deliberately avoided using, all while calling for countless socialist and progressive plans."Much more here> thehill.com/opinion/energy-environment/504499-introducing-the-great-reset-world-leaders-radical-plan-to
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