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Late 80s Hokie

Joined: 10/29/2001 Posts: 23139
Likes: 7594


An example. Pretend you and I make the exact same income,


in a very similar economically part of the country (so similar cost of living), and we have kids at the same time.

I look 18 years into the future, and I end up buying used Ford's, I buy a $150,000 house. My vacations are camping trips to a nearby state park. In that time, I sock away $150,000 into a college fund

In those same 18 years, you buy a $400,000 house, buy new luxury vehicles every 4 years and regularly go to Disney World. In that time, you save NOTHING for college.

Guess who's going to get more aid....you, or me? We'll have had the same lifetime income, in the same cost of living area, but....

That's how the system punishes savers.

(In response to this post by RhinoVT)

Posted: 07/17/2017 at 11:51AM



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Current Thread:
 
  
Brief Reality Rant -- bigbadbird 07/17/2017 09:40AM
  Waste of time ** -- TomTurkey 07/17/2017 10:38AM
  Well i'm not applying- my kid is going into 9th grade -- bigbadbird 07/17/2017 10:16AM
  Shelter the dollars ** -- 133743Hokie 07/17/2017 1:47PM
  Yep. Tax system punishes savers too. ** -- hokeyhokie 07/17/2017 11:33AM
  Tax system punishes savers in every way... -- `lag 07/17/2017 11:39AM
  So if you want more aid, you should be poor? -- VTSnake 07/17/2017 11:12AM
  I don't think that is what anyone is saying -- bigbadbird 07/17/2017 11:19AM
  The private schools are charging 60-70,000 -- bigbadbird 07/17/2017 12:06PM
  The government does not pay, the government loans. -- jmanatVT 07/17/2017 12:39PM
  I did not think difference was all loans -- bigbadbird 07/17/2017 12:48PM
  UR is free for VA families earning < $60k. ** -- 48zip 07/17/2017 1:03PM
  Dammit. You type too fast. ** -- RhinoVT 07/17/2017 11:15AM
  "from each according to his ability" ** -- HokieDan95 07/17/2017 10:01AM
  The irony is amazing ** -- HokieJamie 07/17/2017 09:59AM

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