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Comment Re:Now we're just haggling over the price (Score 1) 82

> The President can only direct funds at his discretion if the Congress has allocated those funds for him.

Well, in theory. Biden tried several times to soak taxpayers for student loans without Congressional approval, and that was up to a trillion dollars all told. Trump kept trying to divert funds for his wall.

If you think "falling" for Trump's trolling over this measly export tax is silly, take it up with the many pundits both pro and con who think it is worth their clickbait.

Comment The real shape of online retail (Score 1) 3

Pallets of returned items from Amazon and others stacked in pallets in warehouses. The refuse remains until someone decides to buy the pallet (approximately $700), have it delivered (which costs extra), and possibly resell whatever is inside.

This is in the U.S. It is guaranteed in China and India the vast majority gets thrown into a hole or piled high at a dump.

Comment Read my post again (Score 1) 108

We were actively hiding the cost of college by giving colleges direct Cash subsidies from state and federal governments. They were passing those cash subsidies onto the students in the form of lower tuition. I do not know how much simpler I can explain this to you.

If you look at the actual operating expenses of colleges they have not increased substantially in the last 40 years. You will find some increases because there is more technology. Yes 70 years ago colleges did not need computers or advanced medical equipment to train doctors on. They also didn't need staff to keep all those computers and all that equipment running. So there is some increase due to do technology.

But that increase is relatively small. And can easily be accounted for by the new technology.

Meanwhile all of those subsidies are gone.

Suppose what we should have done is when you went to college we should have handed you a check and had you walk it to the finance office so that you would understand what the cost of college actually was instead of hiding that from you.

The reason we didn't do that is we were fighting a war with people who pretended to be socialists. So you needed to get socialism because that made America stronger country that could actually stand up to those enemies but we didn't want you to get comfortable with socialism so we hid socialism from you.

We did the same thing with the housing market where trillions of dollars were spent on infrastructure to subsidize baby boomer houses so that they could actually afford to buy houses. We also heavily subsidized the loans they got for those houses.

But if you really want to piss off somebody over 50 try explaining to them that they received a massive amount of benefit from socialism.

Comment It's not that everything is gambling (Score 1) 22

Everything is a grift. Capitalism is breaking down, or rather it's being broken down by monopolies and billionaires. So people have to try to find money any way they can and since you can't do it the traditional way of competing in a free market, because there is no free market anymore, you have to try to grift your way to a living.

Comment Re:Now we're just haggling over the price (Score 1) 82

I don't remember now, other than not being some hysterical TDS-ridden pundit. It may have been what was planned then, it may have been the kind of hints Trump likes flicking out, I don't remember. If you say it isn't now, I'll give that more credence, but everything Trump does changes daily.

Comment Re:Meanwhile (Score 2) 56

Also I almost laughed at that one: "Google's free Sheets product, launched in 2006, captured casual use cases like potluck sign-ups but failed to dislodge Excel from enterprise work"... Google apps were excellent for a V1. We've been waiting for a V2 ever since. It is terribly lacking in functionality.

Comment College was always this expensive (Score 2, Informative) 108

we just used to subsidize it more. When we were kids the government paid 70% of tuition, most of it was money given directly to the colleges who passed that money on to you and me via lower cost tuition.

In the early 2000s Bush Jr and the Republican party slashed those subsidies, which is why the cost shot up. It's got nothing to do with administrative costs or fancy dorms (the dorms literally are paid for by rent paid by students, I know, I put my kid in one of the prison style dorms in college because the nice ones were too pricey).

As usual we're all being lied to.

Comment This was better covered (Score 4, Insightful) 53

by the greatest rap channel in YouTube history

These are canaries in the coal mine for the collapsing economy. There's a ton of money in Wall Street chasing meme stocks and trying to extract value without offering it. But they can only survive while the economy at large does and can absorb their losses.

When the broader economy collapses various ponzi schemes go with it. Usually we prosecute the crooks and clean things up a bit, but I don't think anyone is expecting that this cycle.

Comment Re: Oversold? and? (Score 1, Troll) 108

You can thank student loans for that. Earlier generations got their schooling subsidized, but now people have to get loans to pay for it themselves instead. Colleges therefore could raise tuition. Then a bipartisan effort in Congress was launched to make sure we couldn't discharge those loans through bankruptcy like you can gambling or other personal debts, which was led by Joseph R Biden. I think we know how that turned out, forgiveness for a few of the worst abused players, and blaming inability to keep his campaign promises related to partial forgiveness for all buyers blamed on Congress while he went around them to fund genocide in Gaza.

Comment You're being flippant and dismissive (Score 1) 108

A six-figure income today is enough to rent a decent apartment and maintain a okayish car.

I can tell you're an old man because you say six figure income when six figures isn't a lot of money.

I saw a joke that has really stuck with me, it's a wonderful Life is a timeless movie because it has the the line "do you know how long it takes a man to save $5,000"

Basically we have been screwing over the kids and they're feeling it. Pretty soon they're going to take away old people healthcare and social security. If only out of spite

Comment Re:College education is still worth it (Score 0) 108

Yeah you can read the studies but basically jobs that don't involve a college degree require that you build up over time to a higher income and when you lose those jobs you're starting over because without that degree employers do not value your experience.

Furthermore college educated employees tend to be more productive because they are not doing the work of one person but instead building out systems that due to work of multiple people. In the cases where they are doing individual work it's typically very high skilled specialized work which limits the number of people who can do it and competitive forces kick in keeping their wages high and keeping them employed longer.

Basically think of it like this. In the old days you didn't need any school you just worked the fields. Then we started to automate farming and improve that so we started to have to educate people up to about third or fourth grades so they can work factories which were much more efficient and productive. Then we started to automate those jobs so we started to require high School level education in order to maintain the kind of productivity we demand from workers. Now we've automated most of the jobs involving a high school education so that if you want to earn a living you need a college education.

Basically we demand increased productivity from workers every year and the only way to get that is with more education for more advanced workers.

Comment The French revolution didn't work (Score 0) 108

The monarchy was restored and the only reason it eventually fell is that the merchant class overtook monarchies as the ruling elite.

We basically traded one set of Masters for another.

Violent revolutions don't really work because people who are good at violence don't usually give up power and will set themselves up with power following the violence.

I'm not sure what the solution is but it's not going to be a revolution. I don't think we actually have a solution and I think we are eventually going to trigger world war III and hand the launch codes to religious lunatics but assuming we don't do that it's going to be slow steady progress through education.

Comment College education is still worth it (Score 1, Interesting) 108

Studies still clearly show that you will earn more money and have a more stable career regardless of the major you pick.

Everything is going to shit so there are no guarantees like there was for the boomers. Nobody is going to build you a house with government money like they did for the boomers.

But if we are talking about probabilities you should still go to school.

A whole bunch of very rich assholes want you to think that you don't have any use for an education because they are tired of paying for it and because they don't want you to learn critical thinking skills. That's why you get at least two stories a week attacking education in your feed.

Keep in mind those wealthy elites think you're too stupid to figure that out. It's up to you whether you want to prove them right or not.

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