Bruce Lance
New member
Its amazing how many universities advertise that those who go to college will make over $1 million during their lifetime more than those with a high school education, but is it true? The reality is it may not be true, and I can tell you that since 10% of our population owns their own small business, generally those people will make more money over their lifetime than most people who go to college. Now, did you know that between 70 and 80% of the people in our population are employed by small businesses?
And that means if you add 10% of our population which owns a small business to the 70 or 80% of the people who work for them, then you actually have 80 to 90% of the population left over. And those people who work for corporations are about 20% or less depending on the year. The rest of the people of course work for the government, which doesn't pay very much at all. It is amazing to me that colleges and universities are allowed to advertise such things without empirical data and proof.
In fact, the Federal Trade Commission and other government agencies allow them to make these advertising claims. Further, it should be noted that most corporations request resumes and they look for people that have college educations because they have to weed through all the people who are applying, and having a college education is now a filter.
Therefore, it becomes a self-fulfilling prophecy, that is to say if colleges tell everyone that they can place their graduates with major corporations, and all the major corporations hire people with college educations because they too went to college, then what we have here is almost an extortion ring. Corporations need colleges to train everyone just the way they want them, and they give millions of dollars to these colleges and universities each and every year. Then claim that everyone needs to go borrow $100,000 to go to college, thus they need a corporate job to pay off the indebtedness, sounds like a racket to me.
And much of this is done with the help of our government, because leading universities are able to define their institutions of higher learning. Unfortunately, not everyone can afford to go to college, and yet they feel that if they don't go to college they will not succeed at the same level as other people. Therefore, people go out of their way to borrow money and pay into the system more and more money, and in the end our colleges and universities are completely inefficient with their resources.
Because of this they ask the taxpayers for more money and funding, and all of us pay over and over again because we believe that the colleges and universities' self promotion is truthful. The reality is that if we didn't make so many rules and regulations on small businesses, then there would be more people who would succeed well above their college graduate counterparts in wealth over their working years.
Did you realize that before the 1970s nearly all of the multimillionaires and billionaires never went to college? Only a very few actually had college degrees. Of course those were simpler times, without all the lawyers and regulation and barriers to entry for businesses at all levels. What we have here is an educational industrial complex which itself promotes itself, and has run away costs, and yet it no longer serves the purpose it was meant for, and each year it gets more and more inefficient.
It graduates professionals, who often become professional parasites, increasing regulation, lawsuits, rules, as they scrape their cut of the productivity off the top without providing any. Now there is no doubt that there will be critics of my comments here today, but I guarantee they will come from those who have a vested interest in our colleges and universities, any other people who may disagree with my comments here today are those who have been brainwashed by the very colleges and universities with their unending propaganda telling us that we must go to college to succeed.
Baloney, I quit college myself and I retired before my fortieth birthday. You see, it was easy, no college loans to pay back, no brainwashing to overcome, and no wasted years taking it all in to no avail. Think on that, if your brain still works.
And that means if you add 10% of our population which owns a small business to the 70 or 80% of the people who work for them, then you actually have 80 to 90% of the population left over. And those people who work for corporations are about 20% or less depending on the year. The rest of the people of course work for the government, which doesn't pay very much at all. It is amazing to me that colleges and universities are allowed to advertise such things without empirical data and proof.
In fact, the Federal Trade Commission and other government agencies allow them to make these advertising claims. Further, it should be noted that most corporations request resumes and they look for people that have college educations because they have to weed through all the people who are applying, and having a college education is now a filter.
Therefore, it becomes a self-fulfilling prophecy, that is to say if colleges tell everyone that they can place their graduates with major corporations, and all the major corporations hire people with college educations because they too went to college, then what we have here is almost an extortion ring. Corporations need colleges to train everyone just the way they want them, and they give millions of dollars to these colleges and universities each and every year. Then claim that everyone needs to go borrow $100,000 to go to college, thus they need a corporate job to pay off the indebtedness, sounds like a racket to me.
And much of this is done with the help of our government, because leading universities are able to define their institutions of higher learning. Unfortunately, not everyone can afford to go to college, and yet they feel that if they don't go to college they will not succeed at the same level as other people. Therefore, people go out of their way to borrow money and pay into the system more and more money, and in the end our colleges and universities are completely inefficient with their resources.
Because of this they ask the taxpayers for more money and funding, and all of us pay over and over again because we believe that the colleges and universities' self promotion is truthful. The reality is that if we didn't make so many rules and regulations on small businesses, then there would be more people who would succeed well above their college graduate counterparts in wealth over their working years.
Did you realize that before the 1970s nearly all of the multimillionaires and billionaires never went to college? Only a very few actually had college degrees. Of course those were simpler times, without all the lawyers and regulation and barriers to entry for businesses at all levels. What we have here is an educational industrial complex which itself promotes itself, and has run away costs, and yet it no longer serves the purpose it was meant for, and each year it gets more and more inefficient.
It graduates professionals, who often become professional parasites, increasing regulation, lawsuits, rules, as they scrape their cut of the productivity off the top without providing any. Now there is no doubt that there will be critics of my comments here today, but I guarantee they will come from those who have a vested interest in our colleges and universities, any other people who may disagree with my comments here today are those who have been brainwashed by the very colleges and universities with their unending propaganda telling us that we must go to college to succeed.
Baloney, I quit college myself and I retired before my fortieth birthday. You see, it was easy, no college loans to pay back, no brainwashing to overcome, and no wasted years taking it all in to no avail. Think on that, if your brain still works.