5 ms·

The punchline: > To help limit adverse selection, the government might also gradually withdraw subsidised loans, which the best students will usually prefer to

The punchline: > To help limit adverse selection, the government might also gradually withdraw subsidised loans, which the best students will usually prefer to equity. The main role for government would then be to help to collect payments through the tax system, as the administrative burden of monitoring incomes would be too great for investors to bear. "Ultimately, this would only prove profitable if the government didn't compete with us & instead did all the legwork on our behalf."

themartorana 11y ago
It amazes me the level to which people forget or actively oppress the idea that they live in a community - small at the lowest of levels, hundreds of millions at the upper - and an educated, healthy populace is good for everybody in the community, and is exactly where government should be focusing its energy. Between this and the other top story today on overdraft fees, it's amazing how many people are willing to profit in unscrupulous ways by taking advantage of other members of their communities. And if the stupid government would get out of our way and stop offering better alternatives to our money-making schemes, we could make more profits.
animefan 11y ago
Charitably, that would read "the government already has enough information to collect payments anyway, so it might as well do this, but should let private industry do the rest". Personally I don't think this is an appropriate use of the information the government has, or the government's power. In Australia they do it this way, but the government also does the loans. However your critique lacks substance as it ignores the legitimate reasons why some tasks are more appropriate for the government, and some for private industry, and repeats the tired old "privatize the profits, socialize the losses" schtick.

5 ms·

The punchline: > To help limit adverse selection, the government might also gradually withdraw subsidised loans, which the best students will usually prefer to

by thuuuomas 11y ago

themartorana 11y ago
It amazes me the level to which people forget or actively oppress the idea that they live in a community - small at the lowest of levels, hundreds of millions at the upper - and an educated, healthy populace is good for everybody in the community, and is exactly where government should be focusing its energy. Between this and the other top story today on overdraft fees, it's amazing how many people are willing to profit in unscrupulous ways by taking advantage of other members of their communities. And if the stupid government would get out of our way and stop offering better alternatives to our money-making schemes, we could make more profits.
animefan 11y ago
Charitably, that would read "the government already has enough information to collect payments anyway, so it might as well do this, but should let private industry do the rest". Personally I don't think this is an appropriate use of the information the government has, or the government's power. In Australia they do it this way, but the government also does the loans. However your critique lacks substance as it ignores the legitimate reasons why some tasks are more appropriate for the government, and some for private industry, and repeats the tired old "privatize the profits, socialize the losses" schtick.