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<blockquote data-quote="wkmac" data-source="post: 717259" data-attributes="member: 2189"><p>That's not a concern to me because I'm opposed to the whole idea of gov't taking taxes by force from taxpayers and then giving them out as loans for either education or even business loans. Noble cause maybe and I'm sure many would argue back it's not welfare with the payback mechanism but were interest rates paid at fair market minus any gov't support structure or were rates lower than market or supported with hidden gov't structures?</p><p> </p><p>There again this is an economic intervention and in the case of higher education, it's a price support that maintains the cost of education higher that it might normally be in a true free market. Remove preferred loan treatment in a gov't support structure and higher education would be forced to drop it's price in order to fill the seats. This again is where gov't intervention causes hardship on many middle class students and even some poor who find themselves outside looking in as victims of a type of false market. Also this is another means of wealth re-distribution as gov't determines based on a planning criteria who should and should not have higher education and higher income.</p><p> </p><p>I was just curious in your case were you against the whole idea as well or only against it if it didn't fill a set criteria you had or held. Thus the principle verses outcome comment. If you are for such, then I take your question and pose it back at you. Also how do you compensate those taxpayers who might have used their own money to go to a technical school, supplement themselves going through a skills learning apprenticeship program or used that extra money to start their own business? How does the gov't winning along with gov't selected citizens outweigh what a lone citizen might do for himself, his family and maybe even is local community?</p></blockquote><p></p>
[QUOTE="wkmac, post: 717259, member: 2189"] That's not a concern to me because I'm opposed to the whole idea of gov't taking taxes by force from taxpayers and then giving them out as loans for either education or even business loans. Noble cause maybe and I'm sure many would argue back it's not welfare with the payback mechanism but were interest rates paid at fair market minus any gov't support structure or were rates lower than market or supported with hidden gov't structures? There again this is an economic intervention and in the case of higher education, it's a price support that maintains the cost of education higher that it might normally be in a true free market. Remove preferred loan treatment in a gov't support structure and higher education would be forced to drop it's price in order to fill the seats. This again is where gov't intervention causes hardship on many middle class students and even some poor who find themselves outside looking in as victims of a type of false market. Also this is another means of wealth re-distribution as gov't determines based on a planning criteria who should and should not have higher education and higher income. I was just curious in your case were you against the whole idea as well or only against it if it didn't fill a set criteria you had or held. Thus the principle verses outcome comment. If you are for such, then I take your question and pose it back at you. Also how do you compensate those taxpayers who might have used their own money to go to a technical school, supplement themselves going through a skills learning apprenticeship program or used that extra money to start their own business? How does the gov't winning along with gov't selected citizens outweigh what a lone citizen might do for himself, his family and maybe even is local community? [/QUOTE]
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