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> I'd prefer to see them rejected outright, and have more hard-working Americans take their places at college institutions Even if these lazy Chinese kids' ric
by fennecfoxen 11y ago
> I'd prefer to see them rejected outright, and have more hard-working Americans take their places at college institutions
Even if these lazy Chinese kids' rich parents are subsidizing the hard-working Americans' education? (You can bet a Chinese billionaire's paying the full tuition without financial aid.)
- adventured 11y agoThat influx of rich Chinese money is, if anything, slightly inflating the cost of education and punishing your referenced hard-working Americans. Identical to what it's doing in the real-estate market in, for example, Vancouver. Influx large sums of money into an especially finite system, and what you tend to get is inflation. Taxpayers are mostly the ones doing the student loan subsidizing. Whether the loans are funded through the Treasury or semi-indirectly via the Fed, it overwhelmingly comes out of US taxpayer pockets one way or another.
- eru 11y agoThe proper response would be to increase the supply---in real estate as well as in education. There are lots of people who'd like to be professors and teachers. Just hire more. Why do you say it's a finite system?