student loans are a hit!

[Origen]

Originally Posted by Ooloo [You must be logged in to view images. Log in or Register.]

Well a start might be for the general messaging from every single mainstream media outlet and institution to change from "white people root cause" to "hey take responsibility for your own actions asshole".

I can imagine being a young black dude and hearing constantly from everyone how the country is racist and you'll always be held back and you basically have no agency to do anything to make a good life for yourself might make me more likely to say fuck it and become a professional criminal.

So ya know, maybe if the media stopped just lying constantly, every day, about essentially every story involving race, behaviors might change! It's just that, depressingly, dems *need* people to believe racism is worse than ever. It's their electoral bread and butter. They have a perverse incentive to ignore all the progress that has occurred and lie to young minorities about the nature of life in america, which to me is unconscionable.

Assuming I accept your assumption, how do you get media companies to do this? How do you fix it faster than within a single generation?

[Ooloo]

Originally Posted by Origen [You must be logged in to view images. Log in or Register.]

Assuming I accept your assumption, how do you get media companies to do this? How do you fix it faster than within a single generation?

No clue, but I think it's still the main problem.

Legacy media is dying, so that's a good sign at least.

[arvidez]

Originally Posted by Origen [You must be logged in to view images. Log in or Register.]

Assuming I accept your assumption, how do you get media companies to do this? How do you fix it faster than within a single generation?

tell antifa?

[unsunghero]

They should have double the consequences for all the looting videos I’ve seen across various cities for white people looting in addition to wearing blackface paint, a hate crime

[Landroval]

A college degree, depending on college prep accomplishments in high school, requires 4 to 5 years to accomplish.

A Roth-IRA account requires a 5 year investment horizon on contributions (moneys deposited into the account) before the original contributions are able to be withdrawn without distribution penalties.

Student loans do not accrue interest until 6 months after your graduating semester and then accrue interest at roughly 3% over the federal interest rate set at the time they are borrowed.

The average rate of return on investing in the S&P (SPY ETF) over the past 20 years is 10.05%.

Therefore, I am advising my daughters to apply for a ton of grants and scholarships to where all their college and living expenses are covered AND to max out their student loans specifically so that they can deposit the loan money directly into their Roth-IRA, because if they apply for PAYE, or REPAYE (income-driven repayment program) they'll pay like 95$/month on the 30k in loans, and five years after they graduate a 10% compounding interest on 3750 invested twice annually, will have the balance at approximately 63k five years into their career, in which they can just withdraw the 30k in contributions tax-free, and pay off their loans in full while netting 33k in profit for their retirement which they can borrow 10k against for a first-time home buyer

[Lune]

Originally Posted by Landroval [You must be logged in to view images. Log in or Register.]

A college degree, depending on college prep accomplishments in high school, requires 4 to 5 years to accomplish.

A Roth-IRA account requires a 5 year investment horizon on contributions (moneys deposited into the account) before the original contributions are able to be withdrawn without distribution penalties.

Student loans do not accrue interest until 6 months after your graduating semester and then accrue interest at roughly 3% over the federal interest rate set at the time they are borrowed.

The average rate of return on investing in the S&P (SPY ETF) over the past 20 years is 10.05%.

Therefore, I am advising my daughters to apply for a ton of grants and scholarships to where all their college and living expenses are covered AND to max out their student loans specifically so that they can deposit the loan money directly into their Roth-IRA, because if they apply for PAYE, or REPAYE (income-driven repayment program) they'll pay like 95$/month on the 30k in loans, and five years after they graduate a 10% compounding interest on 3750 invested twice annually, will have the balance at approximately 63k five years into their career, in which they can just withdraw the 30k in contributions tax-free, and pay off their loans in full while netting 33k in profit for their retirement which they can borrow 10k against for a first-time home buyer

This is not good financial advice, this is why:

Originally Posted by Landroval [You must be logged in to view images. Log in or Register.]

Student loans do not accrue interest until 6 months after your graduating semester and then accrue interest at roughly 3% over the federal interest rate set at the time they are borrowed.

This is false. Federal unsubsidized student loans begin accruing interest immediately upon disbursement, at roughly 7%. Subsidized loans do not accrue until you graduate, but they are based on need. Your daughters will not qualify for subsidized loans basically if you are in any way contributing financially, which you will be if they are sticking all the loans they take out into an IRA or if you are filing them as dependents / they are younger than 25. "Advising" them to win grants/scholarships is not advice, it is a wish for achievement, and again they won't qualify for most of these unless they can demonstrate need or are stellar academically.

You also can't count 100% on the S&P 500 performing like that, especially not at 5 or 10 years, and you're gambling against a big fat student loan with 6-7% interest. Income driven repayment plans are not going to be $95 a month in payments, more like $200-$300 realistically, and at 5 years that $30k loan is going to be more like $45k unless subsidized.

The better advice imo is to have them do their general education basically for free at a community college and then transfer to a college or university to finish upper division coursework. They should only be going to prestigious universities if they are STEM, with some exceptions; otherwise they should find a much more affordable state school with a good program in their chosen major, and if they have great academics, these schools are also more likely to offer scholarships to headhunt them from more selective universities. Employers don't care about your undergrad unless you went to an elite uni or very locally renowned school, and they should vet the quality and quantity of internship/employer connections in a given program.

[arvidez]

"Actually, abortion has been shown to massively reduce crime: see Freakanomics."

"The short version is that abortions reduce unwanted children. Unwanted children are more likely to become ... ... criminals."

death penalty for the petty crimes they would have committed? harsh

minority report...i get it now

[Ooloo]

The term "unwanted children" is hilariously ghoulish. There are far more qualified families wanting to adopt children than most people realize.

Stop killing your damn babies, if you're too shitty and lazy or whatever to take care of them just put them up for adoption. It used to be "safe legal and rare" and now it's like some kind of leftist sacrament to actively ensure that your unborn baby is actually killed.

[Ooloo]

The main thing about prison I find pretty messed up is the raping. Like, the prisoners are literally in cages most of the time and there are armed guards everywhere, but they can't do anything about the.. forcible rapes? Like how is it that some of the worst imaginable crimes still happen *inside* prison? Rapes, shankings, gang beatings, gang riots.. There are cops everywhere! Wtf?

[Homesteaded]

Love that old gem, Antifa doesn’t exist.