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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Raymond Duray who wrote (15370)2/21/2002 11:37:54 PM
From: Maurice Winn  Read Replies (1) of 74559
 
Raymond, you used some big words, which was fun, but the content was poor. < In 1960, a medical school graduate faced a bright future, due to societal subsidization of his education. Today, that same student pops out of school with an instant quarter million dolllar debt. What went wrong? Nothing. According to a dissembler like you. Debt is good. It enslaves people. >

In 1960, some poor working guy, who didn't have the ability to join the elite, went to work each day, and paid taxes to fund the privileged elitist trainee doctor who was enslaving the poor guy. Then, the clever young doctor started business and charged exorbitant fees to the working guy who thereby had to pay twice for the quack's education.

Now, there's no slavery. The clever young person decides they are motivated enough and smart enough to become a doctor. So they borrow some money to fund their education. Then they graduate and charge the working guy who only has to pay once now.

Slavery involves lack of choice and freedom. In your communist system of slavery, the worker pays for the elite to get the very valuable asset of the medical education and then pays again to use that asset when it is developed. Under freedom and capitalism, the worker has a much better life and the doctor has to earn their living without enslaving anyone.

Meanwhile, the poor taxpaying guy in the 1960s, paying for the highway system without government debt, was slaving away day and night. He died a couple of years later, without driving on the highways which are still being driven on for no charge by the smart young doctor who worked the poor taxpayer into an early grave.

If the highways were paid from government debt, and the now-free guy died a couple of years later due to drinking and eating too much with the extra money he had due to reduced taxes, the smart young doctor would have paid for his own education and also would be paying for the highway system.

It's called fairness and good sense. Slavery is bad Raymond. Your suggested system is the slavery system.

Mqurice

PS: The working guy might NOT have eaten and drunk his way to an early grave and might instead have retired early [thanks to his savings] and have spent decades cruising around on his roads, which will be paid for by current taxpayers who are also driving around on said roads.
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