birdog1960 Posted January 14, 2015 Share Posted January 14, 2015 (edited) I know you don't live in reality, but explain to me why the more affluent 4 year universities would be perfectly ok with losing 2 years worth of tuition? There are already instances where two year credits do not transfer. you guys are the ones always harping on about supply and demand....there is excess supply of college spots and with some creative thought by universities there will be even more (you can get a long distance MBA from UVA only setting foot on campus once a month for instance meaning almost limitless capacity) the most prestigious schools might well choose against accepting credits but the middle of the pack and below very likely won't. they're competing with each other for every student. Edited January 14, 2015 by birdog1960 Link to comment Share on other sites More sharing options...
Chef Jim Posted January 14, 2015 Share Posted January 14, 2015 Some states already give away community college education. http://dhe.mo.gov/ppc/grants/aplusscholarship.php I think someone needs to look up the word scholarship. Link to comment Share on other sites More sharing options...
Luka Posted January 14, 2015 Share Posted January 14, 2015 you guys are the ones always harping on about supply and demand....there is excess supply of college spots and with some creative thought by universities there will be even more (you can get a long distance MBA from UVA only setting foot on campus once a month for instance meaning almost limitless capacity) the most prestigious schools might well choose against accepting credits but the middle of the pack and below very likely won't. they're competing with each other for every student. You know why there are so many open college spots? Because there aren't many jobs left in this country that don't require a mop or spatula. People have wised up and stopped wasting the money on a piece of paper that only promises a lot of debt when you're finished. Link to comment Share on other sites More sharing options...
B-Large Posted January 14, 2015 Share Posted January 14, 2015 Today the President proposed extending free Community College educations to all Americans, which, of course, would nullify the value of the degree. If everyone has one, then it doesn't set people apart anymore, and simply becomes a hard baseline requirement for working a fry-o-lator at McDonalds. As Rob's House is fond of saying, "If everyone in the world has their PHD, someone is still going to have to clean the toilets." http://apnews.myway.com/article/20150109/us--obama-ec45d62d91.html I don't totally agree, the assumption is free means everybody will rush to enroll.... And there are tons of people wayyy to lazy to bother, free or not. But the proposals is window dressing, CC are inexpensive and you can get States based tuition help and FAFSA access easily. So i don't see cost as a hurdle, rather a lack of personal motivation. Really, given the Trillion dollar student debt mess, has the Federal Government done enough damage to its citizenry and 4 year school cost? I think so. Link to comment Share on other sites More sharing options...
birdog1960 Posted January 15, 2015 Share Posted January 15, 2015 (edited) You know why there are so many open college spots? Because there aren't many jobs left in this country that don't require a mop or spatula. People have wised up and stopped wasting the money on a piece of paper that only promises a lot of debt when you're finished. i linked this once before. despite what peter thief (another spellcheck freudian slip, peter thiel) says it is fact: http://www.bls.gov/emp/ep_chart_001.htm Edited January 15, 2015 by birdog1960 Link to comment Share on other sites More sharing options...
B-Man Posted January 17, 2015 Share Posted January 17, 2015 Link to comment Share on other sites More sharing options...
Chef Jim Posted January 28, 2015 Share Posted January 28, 2015 I didn't know Obama was planning on making 529 plans taxable to pay for this. So punish those that are doing it themselves to provide a free service for those that are not. Ah, the leftie MO. And I did learn this morning he is already backing down on that. Another great plan presented before it was thought through. Link to comment Share on other sites More sharing options...
IDBillzFan Posted January 28, 2015 Share Posted January 28, 2015 I didn't know Obama was planning on making 529 plans taxable to pay for this. So punish those that are doing it themselves to provide a free service for those that are not. Ah, the leftie MO. And I did learn this morning he is already backing down on that. Another great plan presented before it was thought through. The level of stupidity that runs through this administration is, at times, astonishing. Yet when you realize that it kowtows to the lowest of the thinkers, the gatorman nutsuckers of the world, it shouldn't astonish. When you have children being raised to expect an award just to participate, is it any wonder they grow up expecting to get the stuff of the world for 'free.' Because what you wish for, children, as you will surely get it. Link to comment Share on other sites More sharing options...
B-Man Posted January 28, 2015 Share Posted January 28, 2015 White House Abandons Politically Idiotic Plan to Tax College Savings Plans One of the ways President Obama proposed to pay for his plan to provide two free years of community college and expand certain college tax benefits was to raise taxes a college savings plan that’s popular with state governments and the upper middle class. If that sounds politically unwise, that’s because it was. The AP reports that the White House is dropping the idea: In fact, the dems have backed themselves into a corner where the cannot raise any taxes on the "Middle Class"..............but lets keep bringing up the TEA party....lol The 529 Backdown by Ramesh Ponneru Liberalism needs to raise middle-class taxes, and it can’t. I wrote about this right after the fiscal-cliff deal in 2013. Regardless of what politicians have been saying in public, everyone who has looked at the budget projections for the next few decades understands that, absent a sudden reduction in Americans’ life expectancy or other shocking development, middle-class -benefits are going to have to be cut, middle-class taxes are going to have to be raised, or both. The war between liberals and conservatives over the future of the welfare state is largely a matter of how much of each will be done. Conservatives think that it would be better to cut middle-class benefits than to raise middle-class taxes: that we should not take more out of people’s paychecks in order to give them more when they retire. Liberals would rather raise middle-class taxes than cut middle-class -bene-fits, a policy that reduces risks by setting a higher floor in retirement for everyone. During the fiscal cliff debate, as in previous battles in that war, Republicans pointed out that the government cannot realistically make up much of its long-term financing gap by raising taxes on the rich. A tax-heavy solution to that gap will eventually have to rely on much higher taxes on the middle class. That’s how they finance large welfare states in other developed countries. European social democracies don’t generally have much higher taxes on corporations or high earners than the United States. The chief difference between their tax policies and ours is that they levy value-added taxes that hit consumption. The fact that George W. Bush’s tax cuts were set to expire at the end of 2012, right after the reelection of President Obama, offered liberalism its best chance in decades for a large tax increase on the middle class. Democrats could not take the opportunity for two reasons. As Keynesians, they worried that the sudden imposition of higher taxes on the middle class in a time of economic weakness would cause another recession. As politicians, they knew that middle-class tax increases are deeply unpopular. . . . Avoiding blame for middle-class tax increases served the short-term political interests of both -parties; avoiding higher middle-class taxes themselves served the long-term ideological interests of only the Republicans. And the course of the debate over the fiscal cliff has reinforced the bipartisan taboo on openly raising middle-class taxes, a taboo that has persisted ever since Walter Mondale campaigned on tax increases in 1984 and lost 49 states. The only middle-class tax increase of any note to pass in recent years was Obamacare’s individual mandate, which had to be marketed as something other than a tax. Making matters worse for liberals, the political system has adopted a very broad definition of the middle class, one that includes, in the most recent deal, all couples making less than $450,000 a year. President Obama’s plan to raise taxes on 529 plans lasted about a week before being brought down by, among others, House minority leader Nancy Pelosi. Liberals want extra revenue, but getting it from large-scale or even medium-scale tax increases on the middle class seem to be out of their reach. And shielding savings from overtaxation through dedicated accounts (IRAs, 529s) appears to be a good strategy for continuing to thwart them. . Link to comment Share on other sites More sharing options...
Chef Jim Posted January 28, 2015 Share Posted January 28, 2015 We do tons of 529 plans and the majority are with solid middle class people putting a small amount away each month. And the most attractive thing about them is the fact they're tax free. Good job even considering taxing them Obama. Link to comment Share on other sites More sharing options...
IDBillzFan Posted January 28, 2015 Share Posted January 28, 2015 (edited) We do tons of 529 plans and the majority are with solid middle class people putting a small amount away each month. And the most attractive thing about them is the fact they're tax free. Good job even considering taxing them Obama. The only people this administration wants to protect are the wealthy. It's record and performance has clearly shown a pure contempt for the poor, especially minorities, who have suffered worse than anyone under his leadership. Edited January 28, 2015 by LABillzFan Link to comment Share on other sites More sharing options...
Chef Jim Posted January 28, 2015 Share Posted January 28, 2015 The only people this administration wants to protect are the wealthy. It's record and performance has clearly shown a pure contempt for the poor, especially minorities, who have suffered worse than anyone under his leadership. We were blown away last year when they decided to make the estate tax exclusion $5m per person adjusted for inflation last year. I know estate attorneys that busted their butts all of December almost certain it was going to be $1m only to see all their work be for naught. I'm cool with the exclusion but it is so pro-wealthy. Link to comment Share on other sites More sharing options...
IDBillzFan Posted January 28, 2015 Share Posted January 28, 2015 (edited) We were blown away last year when they decided to make the estate tax exclusion $5m per person adjusted for inflation last year. I know estate attorneys that busted their butts all of December almost certain it was going to be $1m only to see all their work be for naught. I'm cool with the exclusion but it is so pro-wealthy. Typical progressive tax mongerers. It's to the point you can't even earn a few bucks shoveling snow in NJ. BOUND BROOK, N.J. — School was closed for the blizzard that wasn't, but there was still enough snow on the ground that two high school seniors thought they could make a few extra bucks. In the process, Matt Molinari and Eric Schnepf, both 18, also learned a valuable lesson about one of the costs of doing business: government regulations. The two friends were canvasing a neighborhood near this borough's border with Bridgewater early Monday evening, handing out fliers promoting their service, when they were pulled over by police and told to stop. The story was shared on a popular Bound Brook Facebook group by a resident who saw Schnepf being questioned by police after coming to his door. "Are you kidding me? Our generation does nothing but complain about his generation being lazy and not working for their money," he wrote on Bound Brook NJ Events' page. "Here's a couple kids who take the time to print up flyers, walk door to door in the snow, and then shovel snow for some spending money. And someone calls the cops and they're told to stop?" Members of the group responded with support for the young entrepreneurs. Bound Brook, like many municipalities in the state and country, has a law against unlicensed solicitors and peddlers Edited January 28, 2015 by LABillzFan Link to comment Share on other sites More sharing options...
Chef Jim Posted January 28, 2015 Share Posted January 28, 2015 Typical progressive tax mongerers. It's to the point you can't even earn a few bucks shoveling snow in NJ. I think it's safe to say they were white otherwise they would have been killed using a choke hold. Link to comment Share on other sites More sharing options...
Keukasmallies Posted January 28, 2015 Share Posted January 28, 2015 On the other hand, there is probably a process for attaining a license. Get the forms, complete them, submit them for official review, provide supporting data as requested, attend a hearing and supply answers to questions pertinent to shoveling snow...and finally......receive your license some time in early June then start shoveling quickly because the license expires in ninety days. Link to comment Share on other sites More sharing options...
/dev/null Posted January 29, 2015 Share Posted January 29, 2015 Taxing the 529 accounts wasn't a serious proposal this year. It was a trial balloon to see how far it would fly. When the political winds shift again and the Democrats either have retaken control of both houses or enough Big Government Conservatives are on board is when this will start moving, or "Progressing". Couple this with the MyRA scam and the next step will be taxing Roth IRAs. Link to comment Share on other sites More sharing options...
Chef Jim Posted January 29, 2015 Share Posted January 29, 2015 Taxing the 529 accounts wasn't a serious proposal this year. It was a trial balloon to see how far it would fly. When the political winds shift again and the Democrats either have retaken control of both houses or enough Big Government Conservatives are on board is when this will start moving, or "Progressing". Couple this with the MyRA scam and the next step will be taxing Roth IRAs. I'm not sure an announcement in the SOTU address is the best forum for launching trial balloons. Link to comment Share on other sites More sharing options...
B-Man Posted January 29, 2015 Share Posted January 29, 2015 I'm not sure an announcement in the SOTU address is the best forum for launching trial balloons. Oh no no no Chef, It is in his written Budget and (hilariously) enough, even though Barack has already folded on this........it's STILL in there.............guess why? So, remember how Obama dropped his idea to tax 529 college savings plans? Yeah, well, about that … Here’s what deputy White House press secretary Eric Schultz said at today’s press briefing: "WH 529 plan will still be in written budget when it's released. Budget was published prior to WH decision to drop proposal." Wait..........what ? https://www.youtube.com/watch?x-yt-cl=85027636&v=C-F04qxLQ3w&x-yt-ts=1422503916 So he can stop the rise of the oceans, but he can't cancel a print job. . Link to comment Share on other sites More sharing options...
Taro T Posted January 29, 2015 Share Posted January 29, 2015 Oh no no no Chef, It is in his written Budget and (hilariously) enough, even though Barack has already folded on this........it's STILL in there.............guess why? So, remember how Obama dropped his idea to tax 529 college savings plans? Yeah, well, about that Heres what deputy White House press secretary Eric Schultz said at todays press briefing: "WH 529 plan will still be in written budget when it's released. Budget was published prior to WH decision to drop proposal." Wait..........what ? So he can stop the rise of the oceans, but he can't cancel a print job. . Following in his SoS's footsteps preumably. The President was for taxing 529's before he was opposed to taxing 529's before he was in favor of it. Link to comment Share on other sites More sharing options...
Recommended Posts