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It's a laudable goal, but giving a bunch of (mostly) naive, uneducated kids a lump sum of cash is a recipe for disaster. There would instantly be an industry fo
by breischl 10y ago
It's a laudable goal, but giving a bunch of (mostly) naive, uneducated kids a lump sum of cash is a recipe for disaster. There would instantly be an industry focused on parting them from that money, one that would be extremely profitable and mostly not related to education.
- sievebrain 10y agoWe might call that industry the education industry. Giving kids lump sums and then convincing them to part ways with it for questionable ROI is already a massive problem.
- breischl 10y agoWait, we do that already? I don't recall getting any significant amounts of money when I graduated high school! I feel so cheated. Anyway, there does seem to be a problem with loaning kids lots of money and then parting them from it, but that's a different issue.
- djrogers 10y agoYou weren't given cash, but today kids are given an essentially unlimited amount of government backed loans to pay for school - the availability of which has caused education costs to skyrocket.