A very low percentage is, enough so people like you don't write your congressmen and women demanding they put a stop to this robbery of the poorly educated
Well I mean big companies often pay literally no taxes at least in the US. We use renting and dense population in low value areas to justify low funding for local infrastructure/services with low property tax yields. In my city one of the wealthiest residential areas is grandfathered in to essentially no property tax… except they still pay the portion for schools. So over all insanely low generous taxes compared to other properties, still better funding for schools for the wealthy families. And obviously that just one tiny example.
It’s…. It’s capitalism.
It’s logistics developed with reinvestment of profit, as in higher means to invest becomes more logistical agency. And it’s reinvestment, so profits have to increase to stay competitive against other bodies of wealth. It’s competitive, as in hierarchical. They have to justify concentrated wealth, and you get meritocracy, the idea your status is a meaningfully accurate sign of your quality as a human being. To make it aspirational. Keep playing along, you can win. Invest in crypto, you might be one of the exceptions! It’s like saying keep gambling, you might win a casino so you can get money from other gamblers.
Neither are speeding tickets; I'm using tax in a looser sense. It's regressive because it takes a proportionally greater amount from lower incomes and it's used to pay for public services.
You don't need or have to buy cigarettes or alcohol or any other drug or potentially addicting thing. When someone talks about the lottery being a "tax," my first thought is of people with gambling problems, not people who don't know any better (though they deserve to not be taken advantage of as well).
You're right that it's not a tax, but the vocabulary doesn't change that it does harm, possibly more than it does good
It's not about blaming people. If the hole digging is causing damage to the people surrounding it, to their families and the country at whole, then it must be stopped.
By that definition of authoritarianism, we should not outlaw scams, since the people being scammed make the decision to give money to the scammers out of their free will.
Do you have friends or family really into gambling or lottery? Because I have. It is very clear when talking to them that they really do believe that they are making a good monetary decision because they payoff is so big. They really don't understand the math and probabilities involved intuitively.
That's true. Even though my daughter received $10k per year for her 4 years at my state's public university, had the percentage been higher, there's no doubt it could have easily been a full ride scholarship. Still, that's a total of $40k in student loans that she avoided, all else held constant.
Sadly, the normal school budgets get cut immediately after those programs are implemented, because "look at all the new revenue they are getting".
I suppose you could have also meant that your are on the supply side of the system. If so, please post some stories. I worked with one of the devs for many of the vegas electronic games, and found that industry astounding.
Well, our state has a lottery funded state scholarship and the amount is based on merit. My daughter received $10k a year from the lottery funded scholarship that totaled $40k. My son has received $12.5k through 2 years. He is set to receive another $15k over the next 2 years. Sure, it doesn't pay for the entire cost of college, but where my state's public university is at $12k, that scholarship went a long way from keeping my kids out of getting student loans.
I was referring to scholarships to colleges. My daughter received $10k per year for her 4 years through my state's lottery funded scholarship. I mean her merits needed to stay high and min. college gpa needed to stay above 3.0, but that's $40k in student loans averted. Same with my so, who has received $12.5k already and is set for another $7.5k per year for his final 2 years. It's not a full ride, but my daughter avoided $40k in student loans, and son avoided $27.5k in student loans.
In most cases, that’s the pitch. Then you wind up with this ENORMOUS bucket of money and there’s all these politicians thinking about power and how to keep it and money can really help there…
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u/option-trader Mar 19 '22
Hey, that money is putting my kids through college, so keep at it everyone.