Seen any estimates of the cost of Biden's proposed loan forgiveness? Anyone seen what Biden is relying on to justify his power to do this? Did he get elected king?
Biden rolling out another student debt forgiveness plan.
- Thread starter Aloha Hoosier
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yeah after him and jdb were rallying it back and forth i too have integrated same
So what's the latest with sales.
Robust
What?
Robust
I'm looking at the sheet now. That's not what robust means
Well actually they do. Billions of dollars in revenues that could easily be taxed appropriately if the feds would get off there ass on this issue. This would by and large fix the state tax issues as well. It has for the alcohol industry. No one even notices the excise taxes on that.
I agree that's many states have screwed this up. That's why I think federal legalization, regulation, and taxation is a good thing.
No idea. They claim something like $140B on what they have already done. And that's before this one.
So it will only take 70 years of cannabis excise taxes to cover that. Great Cheech math on that one.
it's a viable business because as long as a shit ton of new licenses aren't granted the licenses themselves are assets (tho depreciating already), but this industry is not the cash cow people thought. margins are not great, it's heavily regulated, and it's just a product ultimately like anything else. as it stands taxes are predicated on the product, amount of thc, etc.
we are already ready to get the F out if a good offer from a mso came
I have know idea what a free college program would cost. Maybe it's only for certain degrees?
Federal excise on alcohol in 2022 was $10 billion.
It's also a product that's basically a commodity, with no barrier to entry and easy to produce. Michigan has so much product they give it away for free just to try to get you in the door. It's not a good business.
To many producers right now for sure. That will shake out. It will be a cash cow for someone.
the licenses are a barrier to entry and that's why there's benefit there. i was at happy hour w/ one of the primary owners (lifelong friend) over the weekend and i was telling him that now that we have a dispensary license we really ought to sell it. once they lose value what's left. as for your giving away product yes. we are in over 100 dispensaries and did so by selling to same for cheap af
The system is already dysfunctional and this just makes it worse.
I can’t believe a piece of shit like Biden would steal from the American public to gain a few votes 🙄The first and biggest was slapped down by the USSC. The second one got done some how. And now there's a third one. And he hopes to get it out there before the election so he can get some more deadbeat votes.
Biden announces new student debt relief plan for millions of borrowers
The Biden administration announced new student loan plans Monday that would provide relief to millions of Americans if finalized. The proposed plans would largely affect those with “runaway interes…thehill.com
Biden Announces New Student Loan Forgiveness Plan Details. Here's What to Know
Here’s what to know about the new student loan forgiveness plan.time.com
Yeah I get that..... But it's a tough balance to figure out. Not enough licenses the black market continues to thrive. Too many and it's everywhere and cheaper than water. Literally couldn't believe how cheap things were in N Michigan....$100 worth of product would keep me high for a year. Not sure how that's a viable business.
Forgiving bad debts does no good if you keep writing bad loans.
Yup. these dispensaries have product events so my friends and i went to one. the one guy 25 years at anderson/peoplesoft/oracle/accenture, the other a thunderbird mba hedge fund guy, and me. no one approached our table. we brought in a guy who looks exactly like Ice T and let him sit by himself and the table was poppin
. We all want out
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Yup. these dispensaries have product events so my friends and i went to one. the one guy 25 years at anderson/peoplesoft/oracle/accenture, the other a thunderbird mba hedge fund guy, and me. no one approached our table. we brought in a guy who looks exactly like Ice T and let him sit by himself and the table was poppin
What, no booth babes?
You need a Kelley grad to work with you on these things. Or just a poor white trailer denizen.
The first and biggest was slapped down by the USSC. The second one got done some how. And now there's a third one. And he hopes to get it out there before the election so he can get some more deadbeat votes.
Biden announces new student debt relief plan for millions of borrowers
The Biden administration announced new student loan plans Monday that would provide relief to millions of Americans if finalized. The proposed plans would largely affect those with “runaway interes…
Biden Announces New Student Loan Forgiveness Plan Details. Here's What to Know
Here’s what to know about the new student loan forgiveness plan.
FJB
the dispensary crowd is awful. that doesnt work. they want people who speak their lingo and smell. my manufacturing business now that's a different story. i've become friends with the owner of the company that is our top competitor and he pulled that at one of the conventions. said he just got online and booth girls is a business. they were attractive too. better than give aways
Looks like 13.5 million kids attend public universities in the US. Avg. cost is ~$10k.
That's $135 billion a year for those kids. Per year.
It's not realistic. There are two reasons why:
1) Friggin nurses are making $80-$100K. You can't cut their annual comp in half, even if you make tuition free.
2) What about all of those teachers, nurses, etc. that actually paid their loans off? Rewriting the rules is stupid and will never provide fairness. Responsible adults are screwed. That's not how society should function.
I think it's completely realistic to lower the cost of education. One action, already started in some places, cut back on administrators--like DEI administrators.
In that case you should DM @T.M.P.
So let me get this straight, you only recently learned that booth babes are a thing?
That's fundamentally different than loan forgiveness. I'm more than aligned with the government getting out of the lending business.
Sadly, pubs are saying nothing to address the issue, at least from what I can find.
My solution would be:
1) reduce college to 3 years by scrapping electives and prep courses. That's a 25% cost reduction.
2) make college a forgivable loan type of program. Students can have loans forgiven if a) degree completed within 3.5 years with a 2.5 GPA or higher and b) after 5 years out of college, the student is in the 12% tax bracket, regardless of filing status.
3) The loan would be forgiven as a tax credit over a 10 year period if payments made on time. For example, after 5 years upon graduating, my payments start and I make them. Upon filing my taxes, I may receive a dollar for dollar tax credit to offset the payment if my taxable income falls into the 12% bracket. That's about 50k of income by a single filer or 115k for joint. So when a student reaches a higher bracket, the credit would phase out.
I have not run the numbers as I don't know every student's income post college. But the data is there.
4) provide a commuter credit as well.
5) provide corporate tax credits or deductions for companies that pay for college. It's already an expense deduction but maybe make the deduction 1.5x the amount or a special tax credit.
Colleges won't do anything to help the problem but the govt can get creative to alleviate the problem.
Too bad pubs do nothing while dems just find a new way to buy votes. And the problem never gets solved.
What is the problem that never gets solved?
You can go to Stl Community College for two years at $2,200 a year then UMSL for two years at $11k a year. Get a degree for $25k. You can work and pay for that no problem. Fla state schools are $6k a year. Commute. Someone said some schools are luxuries. Maybe going away is and isn’t for everyone anymore. Biden’s act is just more free cheese. The answer to that is vote him out
Fla does a lot right. North go to UF or fsu. Tampa/Sarasota u of so fla. Orlando ucf. Miami FIU. Fort Lauderdale boca palm beaches FAU. There’s a big state school close to populated centers where tuition is six grand
I’ve always wanted to trot out this GOP line:
The loan forgiveness will pay for itself through the economic growth caused by additional consumption by those affected. The surge in demand will fuel employment and trickle down to the rest of society.
Not only that, but they give full tuition scholarships to all students who meet certain pretty easy to meet criteria.
Again, why aren’t we copying what they are doing everywhere??
Guess they use all lottery funds to cover higher Ed
do not believe so. Some Reddit guy posted a link that said 93% of U of Fl students get some form of scholarship from the state
Honestly post Covid with all the New Yorkers who fled I think it’s all pretty awful unfortunately. Overcrowded. Prior I liked Sarasota siesta/key on the gulf and Delray/boca on the Atlantic
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