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re: US Marshals arresting people for not paying their federal student loans
Posted on 2/16/16 at 12:57 pm to Epic Cajun
Posted on 2/16/16 at 12:57 pm to Epic Cajun
well, according to one proposal, itd come from FTT (or stock market taxes)
essentially for every $1000 stock transaction, itd be taxed .50 cents
essentially for every $1000 stock transaction, itd be taxed .50 cents
1
Posted on 2/16/16 at 12:59 pm to rocket31
Genuine question: Is that going to be enough to cover college tuition for everyone who wants to attend?
Posted on 2/16/16 at 1:03 pm to Epic Cajun
Did the calculation for a degree i have. It would roughly take 180 million of stock transactions for me to get the degree.
It would take 72 billion to pay for the current enrollment in the program right now.
Thats one very small school with 400 people
It would take 72 billion to pay for the current enrollment in the program right now.
Thats one very small school with 400 people
Posted on 2/16/16 at 1:05 pm to Epic Cajun
well, the proposal is not going to cover room and board, just tuition at public universities
thats estimated to be $75 billion per year
the FTT will cover 350 billion over 10 years.
And that calculation assumes a 50% drop in trading volume
thats estimated to be $75 billion per year
the FTT will cover 350 billion over 10 years.
And that calculation assumes a 50% drop in trading volume
Posted on 2/16/16 at 1:06 pm to yoga girl
quote:
I'm self-employed. I'm working on a book.
REHTAEH, The Life and Times of Heather, the Yoga Girl.
Chapter 1: The Fast Food Industry - Working in the trenches.
Posted on 2/16/16 at 1:06 pm to Deactived
Posted on 2/16/16 at 1:07 pm to Deactived
Posted on 2/16/16 at 1:08 pm to rocket31
was wondering about the math.
for every 1000 traded, 50 cents would go towards tuition?
for every 1000 traded, 50 cents would go towards tuition?
Posted on 2/16/16 at 1:09 pm to Epic Cajun
Duh, the government, it has this magical ability to pay for everything. 
Posted on 2/16/16 at 1:11 pm to tigerinthebueche
quote:
there are no debtor's prisons! Could you be any more dramatic?
Ignore that part then. Bankruptcy was instituted so that people are not held under the yoke of crippling debt for their entire lives. Some people are incapable of paying their own way out of debt. Just sitting here saying 'they should pay it off' doesn't solve the problem of someone who doesn't have the skills to make enough money to pay off their debt. Should they live under that yoke for their entire lives and have no recourse? That is a far worse than spending a few years in prison in my opinion. The whole situation was created by the government putting their hands into what otherwise would be a normal loan situation: banks loan money to receive interest, at the risk that the loan will default.
Do you disagree with the concept of declaring bankruptcy?
Posted on 2/16/16 at 1:11 pm to Deactived
And what happens to those with student loans already? Do they get to repay them all while paying for others to go for free? It would be shitty making a trade, seeing a tuition tax, all while staring at your student loan invoice.
Posted on 2/16/16 at 1:12 pm to Rouge
quote:
spend $10K to collect $1500
sounds about right
my thoughts exactly
Posted on 2/16/16 at 1:16 pm to Deactived
quote:
for every 1000 traded, 50 cents would go towards tuition?
yes, but so will your 401k and other retirement accounts of any kind (this part i do not like)
This post was edited on 2/16/16 at 1:16 pm
Posted on 2/16/16 at 1:24 pm to RogerTheShrubber
quote:
These aren't rugged individualists. Anyone wanting someone arrested for student loan delinquency is a bigGov statist.
no one cheers louder for a big intrusive powerful government than self proclaimed "conservatives"
Posted on 2/16/16 at 1:24 pm to rocket31
My math doesnt seem off. Im calculating that the full tuition is being paid outright by these trades. 90k tuition
what do you get?
what do you get?
Posted on 2/16/16 at 1:29 pm to yoga girl
quote:
I agree, but we could do this by taxing income over $500k per year at a higher rate.
Man. I'm as socially liberal as they come. But holy freaking hell.. the economic side can be batshit when taken to extremes.
Posted on 2/16/16 at 1:29 pm to LouisianaLady
oh so you're a libertarian
come to the dark side
come to the dark side
Posted on 2/16/16 at 1:31 pm to Dire Wolf
quote:
the 29-year-old school loan.
No sympathy for anyone who still hasn't paid in 29 years.
Posted on 2/16/16 at 1:35 pm to Deactived
isnt tuition only about 1/3 of total college costs? - most of it is in the "fees" category
the link i sent above said public universities in 2013 collected about 63 billion in tuition
Posted on 2/16/16 at 1:38 pm to gorillacoco
quote:
The whole situation was created by the government putting their hands into what otherwise would be a normal loan situation: banks loan money to receive interest, at the risk that the loan will default.
It's not a normal loan situation...if it were treated as such, student loans wouldn't exist, because no bank is loaning money to someone with no income and no credit history for them to spend on something that has no means of recourse. So if you went this route, student loans would only be available to kids who's parents have money/an acceptable income and were willing to sign for the loan.
This post was edited on 2/16/16 at 1:49 pm
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