little bit more subtle down here, as we don't have student loans as such.
How is the Average American going to pay off their wonderful student loans in proximity of 50,000 big ones each? By a nice, normal job?
"World's greatest treasurer" (his words) suggested that University graduates dshould be taxed an additional 1% for the rest of their lives.
Later, he relented, and allowed a different scheme, whereby you paid off as a percentage of gross income, it didn't kick in until a "threshold income" was reached, and the outstanding balance increased by 8% per annum, as an "adminstration fee".
I quickly worked out that it was an extra 1% forever, and paid it down.
HECS...it's not just an acronym.
Very good, Shannow. Congradulations on living in Australia when a person still might have an iceburg chance in hell.
Consider America, however: the land of the slave and home of depraved. Here we have a wonderful 'family value' system. That system is comprised of the total breakdown of the family designed to GIVE EVERY FUCKING THING to sister, and not a damned cent to junior.
In the old days there was a philosphy of inherited wealth. Dad made a bunch of money in his life and then junior took over the business.
But, once you break down the family, there IS NO DAD anymore. So, you can make junior a total pawn of the state.
If I were really smart I would be a MASTERMIND FINANCIAL CROOK and rip off the establishment for everything they are worth.
Just one problem with me: I wouldn't give you a quarter for the whole damned world!