The proverbial fart in church
- Thread starter gr8indoorsman
- Start date
I never understood the idea behind this.
-College debt and loan forfeiture is often predicted to be the next "mortgage crisis."
-529 plans should lower debt for students leaving college or at least lower this burden.
-Obama, look at his JC plan. He seems to want higher level education to be accessible/affordable for people.
-There was a Wall Street Journal article not to long ago that profiled Mitch Daniels and Purdue. It largely stated that BoT at Universities are tasking their Presidents to find ways to freeze/lower cost/make higher education affordable
Seems like more tools should be available for all demographics to obtain a higher education goal. Not penalize a method being used to pay for it.
-College debt and loan forfeiture is often predicted to be the next "mortgage crisis."
-529 plans should lower debt for students leaving college or at least lower this burden.
-Obama, look at his JC plan. He seems to want higher level education to be accessible/affordable for people.
-There was a Wall Street Journal article not to long ago that profiled Mitch Daniels and Purdue. It largely stated that BoT at Universities are tasking their Presidents to find ways to freeze/lower cost/make higher education affordable
Seems like more tools should be available for all demographics to obtain a higher education goal. Not penalize a method being used to pay for it.
The theory was that 529 plans are only useful to affluent savers. Thus, if taxed, he can generate revenue from those affluent savers in order to provide a tax credit to lower-income (than the affluents) families. The problem is, affluent savers aren't the only ones who benefit from these plans. Not everybody has a quarter million dollars in their 529 accounts like the Obamas do, but many middle class, median-income families also use 529s to help ease the college burden.
The BLUF here, in my opinion, is that Obama thinks "middle class" only applies to people making at or below the median household income. He's playing on this slippery slope of including everyone above the 50% line (not absolutely, but somewhere in the vicinity) as "rich". I'm well above that 50% line, but I ain't rich. If I were really rich, I wouldn't do this job, that's for sure.
Obama wants to assault wealth accumulation to provide income for lower income families. You'll forgive me if I'm not opening my wallet just yet.
The BLUF here, in my opinion, is that Obama thinks "middle class" only applies to people making at or below the median household income. He's playing on this slippery slope of including everyone above the 50% line (not absolutely, but somewhere in the vicinity) as "rich". I'm well above that 50% line, but I ain't rich. If I were really rich, I wouldn't do this job, that's for sure.
Obama wants to assault wealth accumulation to provide income for lower income families. You'll forgive me if I'm not opening my wallet just yet.
