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Why not replace a diploma with a Net Worth or Income requirement. Someone with a 2.0 GPA, but has at least $10,000 in savings is clearly more fiscally responsib
by oceanplexian 4y ago
Why not replace a diploma with a Net Worth or Income requirement. Someone with a 2.0 GPA, but has at least $10,000 in savings is clearly more fiscally responsible than someone who has a 4.0 GPA but is in debt. Something similar is already the law for accredited investors.
- notahacker 4y ago> Someone with a 2.0 GPA, but has at least $10,000 in savings is clearly more fiscally responsible than someone who has a 4.0 GPA but is in debt. Or maybe the second person was born into a low income family and is borrowing to invest in their future, and the first person is useless at more than just academics but has a trust fund. Accredited investor laws are because rich idiots can afford to lose money, not because their judgement is considered superior.
- hervature 4y agoThat makes no sense. The vast majority of people go in debt when they get a mortgage and don't come out until at least a decade later. Debt is a tool when used properly.