college student blows $90k college fund, blames parents

[Sir Galahad]

It matters because as I've pointed out before, a system that financially rewards people for not contributing is a broken system. Of course, you can't understand this because you've openly said you have no problems with people that gain financial reward for scamming others and taking advantage of lack of information.

I'm far from having the ability to leave multiple millions for my kids today but my goal by the time I'm done is to be able to. If I can give my kids the life of luxury I've done a good job. Why on earth should a parent not be able to leave their earnings to whomever they want?

 

[Bob the Citronaut]

Because EE is not going to inherit millions and that's not fair.

 

[UCFRogerz]

Because EE is not going to inherit millions and that's not fair.

You'd think he'd be making good money being an electrical engineer, psychiatrist, politician, lawyer, and accountant.

 

[UCFEE]

I'm far from having the ability to leave multiple millions for my kids today but my goal by the time I'm done is to be able to. If I can give my kids the life of luxury I've done a good job. Why on earth should a parent not be able to leave their earnings to whomever they want?

As long as you're ok facilitating a culture where a smaller percentage of people that haven't done much have control of larger portions of wealth, then I guess that's fine. Just stop harping on kids growing up in poverty that need WIC to eat, and stop pretending to value hard work as much as you say you do.

Warren Buffett is spot on in his opinion on the estate tax and the perversions of handing down large sums of wealth to children.

 

[UCFEE]

Because EE is not going to inherit millions and that's not fair.

It's funny, I've worked for and paid for every single thing I have since I turned 16 (with the exception of a couple scholarships and some student loan interest subsidy)... but I have to listen to this kind of shit from people that have taken plenty from mommy and daddy.

So much cognitive dissonance round these parts.

 

[UCFRogerz]

It's funny, I've worked for and paid for every single thing I have since I turned 16 (with the exception of a couple scholarships and some student loan interest subsidy)... but I have to listen to this kind of shit from people that have taken plenty from mommy and daddy.

So much cognitive dissonance round these parts.

And what, exactly, has BTK "taken plenty" of besides his genes?

You sound like a bitter person that isn't happy with their place in the world. It's hard to make a difference when you're stoned from the moment you get home from work to the moment you go to bed.

 

[Sir Galahad]

As long as you're ok facilitating a culture where a smaller percentage of people that haven't done much have control of larger portions of wealth, then I guess that's fine. Just stop harping on kids growing up in poverty that need WIC to eat, and stop pretending to value hard work as much as you say you do.

Warren Buffett is spot on in his opinion on the estate tax and the perversions of handing down large sums of wealth to children.

Why say that EE, I grew up with nothing and I've done okay. Why can't everyone else?

 

[UCFWayne]

EE do you even have kids? Not sure if you answered this question before or not.

 

[jetsaholic]

EE going on a dumb rage again.

I predicted he would.

I don't expect any of you to acknowledge or apologize.

 

[1ofTheseKnights]

The debate about whether & how to pay for a kids college is interesting. 100% agree kid should work in some capacity, but think it's a kid by kid goal intellect parent wealth basis ie bright absurd hypothetical: kid didn't get in to med school cos he was too busy kicking ass full time at chick fila.

 

[Good Knight Sweetheart]

EE going on a dumb rage again.

I predicted he would.

I don't expect any of you to acknowledge or apologize.

I wouldn't know....have him/her on Ignore.

.

 

[jetsaholic]

I wouldn't know....have him/her on Ignore.

.

You're missing out on some quality stupid material.

 

[jetsaholic]

No kids = no problem. #donthate

 

[Good Knight Sweetheart]

You're missing out on some quality stupid material.

I wouldn't know....have him/her on Ignore.

.

You're missing out on some quality stupid material.

No I'm not.

.

 

[jetsaholic]

No I'm not.

.

But you are...

 

[Good Knight Sweetheart]

But you are...

No I'm not.

.

 

[USFSucks]

I have EE on ignore and I'm enjoying just reading everyone's insults towards him.

 

[fabknight]

Why are you all hating on EE? I get the impression that he's actually a really good guy. I love his posts although I truly can't understand his thought process or how he truly believes the assumptions and rationale behind all his crazy ravings. As Jets says, it's quality material. I find how his brain works absolutely mind blowing and fascinating (and also very sad and scary since there are so many others that are like minded).

 

[goodknightfl]

I have money in the family but I worked part time. It was just fun getting the cash in hand. I worked throughout high school too just for the feeling of doing what I wanted with all my make-it-rain money.

I have worked steadily since I was 15. Mowed lawns and did odd jobs long before that. Worked 20 to 25 hours a week all thru high school and while going to college. Left my last job at age 33, when I started my 3rd and last business.

 

[goodknightfl]

I would rather my kids do stupid sh!t and blow thru my $$$ than the Govt do stupid sh!t and blow thru my $$.

 

[UCFKnight85]

It's funny, I've worked for and paid for every single thing I have since I turned 16 (with the exception of a couple scholarships and some student loan interest subsidy)... but I have to listen to this kind of shit from people that have taken plenty from mommy and daddy.

So much cognitive dissonance round these parts.

Funny, since you have nothing to back up that last statement, you ignorant asshole.

For someone who is supposedly so "self made", you sure are the most jealous sounding person that I've heard in a while. You're absolutely envious of wealthy people and it shows.

Are you this way because you've failed to succeed on your own? Do you require to drag everyone else down because you can't build wealth yourself?

 

[jetsaholic]

No I'm not.

.

You're missing all of his comments about how wealthy people are assholes and caring for the economic future of your kids is wrong and how everybody needs to get a job as soon as they turn 12 years old and...

I mean, so much good stuff!!!!!

 

[UCFEE]

Funny, since you have nothing to back up that last statement, you ignorant asshole.

For someone who is supposedly so "self made", you sure are the most jealous sounding person that I've heard in a while. You're absolutely envious of wealthy people and it shows.

Are you this way because you've failed to succeed on your own? Do you require to drag everyone else down because you can't build wealth yourself?

Since you're making stuff up about me can I make stuff up about you? Here goes: You're absolutely terrified of the idea of incentivising wealthy individuals to give bigger portions of their estate to charity rather than handing it over to kids, because you fear that you wouldn't be able to make it on your own without daddy's handout. So you consider people that actually advocate for big financial rewards to be tied to contribution to be dangerous because if that were strictly the case you wouldn't have as much as you have today. You're absolutely terrified of that idea.

Are you that way because you're terrified that you couldn't succeed on your own? Do you require resorting to bully tactics to quash the questioning of the logical fallacies in your world view because you don't have a good response?

/makingupshitaboutpeopleidontknow

 

[UCFEE]

Why are you all hating on EE? I get the impression that he's actually a really good guy. I love his posts although I truly can't understand his thought process or how he truly believes the assumptions and rationale behind all his crazy ravings. As Jets says, it's quality material. I find how his brain works absolutely mind blowing and fascinating (and also very sad and scary since there are so many others that are like minded).

I'm always open to considering objections to my crazy raving, I just haven't really heard many good ones.

 

[UCFRogerz]

I don't know about anyone else, but, my family comes first before anyone else. Especially IF that someone is a degenerate sucking off of a charities/government tit.

Note: this does not include those actively working towards a constructive lifestyle, or short term hardship. It does include those who would rather receive handouts than work to get off of assistance. However, MY family still comes before all of them.

 

[UCFKnight85]

LOL

We've now gone from requiring the government to cease wealthy people's money once they drop dead, to "incentivizing them to give to charity". Of course ignoring the fact that wealthy people already account for almost ALL charitable giving in this country.

Just admit it: it kills you inside knowing that wealthy people get to pass their legacy of success and hard work onto their family members, while you widdle away in irrelevancy due to being obsessed with what others are making.

I'm waiting for you to just get it over with any start insisting that government IS charity and therefore the government should mandate a 100% death tax on anything above $500,000. I know this is what you really think, you're just afraid to show just how far off the left wing deep end you truly are.

 

[UCFEE]

LOL

We've now gone from requiring the government to cease wealthy people's money once they drop dead, to "incentivizing them to give to charity". Of course ignoring the fact that wealthy people already account for almost ALL charitable giving in this country.

Just admit it: it kills you inside knowing that wealthy people get to pass their legacy of success and hard work onto their family members, while you widdle away in irrelevancy due to being obsessed with what others are making.

I'm waiting for you to just get it over with any start insisting that government IS charity and therefore the government should mandate a 100% death tax on anything above $500,000. I know this is what you really think, you're just afraid to show just how far off the left wing deep end you truly are.

Wrong again. I do quite well financially. Like Buffett, Soros, Rockefellers great-grandson and many other wealthy individuals, I can see the big picture. Handing down large amounts of generational wealth to kids that don't necessarily have any desire or ability to make contributions flips our economic system upside down. I don't see how you can't see that, especially since you harp on poor people that take relative drops in the bucket on social support for not contributing their fair share.

It really doesn't make sense, that's what I meant by the cognitive dissonance so many of y'all have going on.

BTW, Buffett doesn't believe for a second that inheritance should mostly go to the government. He supports the tax because it does give incentive to pick a charity that will put the money to good use. Being able to allocate resources to their best use is another pillar of capitalism that gets broken down as soon as you accept that passing on mass amounts of wealth to undeserving children is ok.

 

[Whataknight]

I have EE on ignore and I'm enjoying just reading everyone's insults towards him.

Because you're so closed-minded of course

 

[jetsaholic]

You're absolutely terrified of the idea of incentivising wealthy individuals to give bigger portions of their estate to charity

Giving to charity should come from a sense of purpose, not from incentives. If you think everybody that gives to charity does it for tax purposes, then you're seriously jaded and I feel sorry for you.

 

[UCFEE]

Giving to charity should come from a sense of purpose, not from incentives. If you think everybody that gives to charity does it for tax purposes, then you're seriously jaded and I feel sorry for you.

Incentives drive everything in economics. That's 101 stuff. For some the sense of purpose is the incentive, for some it's not.

 

[UCFKnight85]

Wrong again. I do quite well financially. Like Buffett, Soros, Rockefellers great-grandson and many other wealthy individuals, I can see the big picture. Handing down large amounts of generational wealth to kids that don't necessarily have any desire or ability to make contributions flips our economic system upside down. I don't see how you can't see that, especially since you harp on poor people that take relative drops in the bucket on social support for not contributing their fair share.

It really doesn't make sense, that's what I meant by the cognitive dissonance so many of y'all have going on.

BTW, Buffett doesn't believe for a second that inheritance should mostly go to the government. He supports the tax because it does give incentive to pick a charity that will put the money to good use. Being able to allocate resources to their best use is another pillar of capitalism that gets broken down as soon as you accept that passing on mass amounts of wealth to undeserving children is ok.

So your idols are bumbling billionaires, a radical left wing peddler (Soros), and the wealthiest family in American history that amassed its fortune by absolute collusion? The Rockefeller enterprise was so dominant via collusion that the US Government had to pass laws just to break it apart. At one point, adjusted for inflation, Rockefeller had a wealth of $350B (in 2015 money) which represented 1.5% of the entire GDP back in his day.

And THESE are your idols. LOL.

You're a babbling bafoon. You keep referencing "taxes" but then reference "charity". They're not the same. A charity by definition is VOLUNATRY. A tax is by definition an involuntary seizure of assets by the government. Amazing you can't even discern that.

 

[UCFEE]

So your idols are bumbling billionaires, a radical left wing peddler (Soros), and the wealthiest family in American history that amassed its fortune by absolute collusion? The Rockefeller enterprise was so dominant via collusion that the US Government had to pass laws just to break it apart. At one point, adjusted for inflation, Rockefeller had a wealth of $350B (in 2015 money) which represented 1.5% of the entire GDP back in his day.

And THESE are your idols. LOL.

You're a babbling bafoon. You keep referencing "taxes" but then reference "charity". They're not the same. A charity by definition is VOLUNATRY. A tax is by definition an involuntary seizure of assets by the government. Amazing you can't even discern that.

Holy cow, it's worse than I thought.

First, I was referencing Richard Rockefeller's opinion on the matter (ya know, since the other guys have been dead since long before this was a discussion topic). Even so, despite JD Rockefellers questionable business decisons, the man defined modern philanthropy.

Second, do you really not understand how charitable tax deductions work? The estate tax directly incentivises charitable giving since every dollar up to the amount owed can be deducted.

Starting to think I overestimated the base knowledge some of you people have related to the topics we're discussing. May need to dumb it down a bit.

 

[UCFKnight85]

Holy cow, it's worse than I thought.

First, I was referencing Richard Rockefeller's opinion on the matter (ya know, since the other guys have been dead since long before this was a discussion topic). Even so, despite JD Rockefellers questionable business decisons, the man defined modern philanthropy.

Second, do you really not understand how charitable tax deductions work? The estate tax directly incentivises charitable giving since every dollar up to the amount owed can be deducted.

Starting to think I overestimated the base knowledge some of you people have related to the topics we're discussing. May need to dumb it down a bit.

Not dumb it down, just write something that makes a shred of f*cking sense sometime.

 

[UCFWayne]

I have to believe EE is trolling at this point. No way he could actually believe the crap hes trying to peddle.

 

[UCFEE]

I have to believe EE is trolling at this point. No way he could actually believe the crap hes trying to peddle.

That's funny cuz sometimes I think a bunch of people on this board have colluded to troll me. Guess we just have completely orthogonal views and ways of thinking.

 

[UCFRogerz]

That's funny cuz sometimes I think a bunch of people on this board have colluded to troll me. Guess we just have completely orthogonal views and ways of thinking.

You don't have any kids or family do you? I'm sorry that you have to die alone.

 

[UCFEE]

You don't have any kids or family do you? I'm sorry that you have to die alone.

There's something wrong with you.

 

[jetsaholic]

Incentives drive everything in economics. That's 101 stuff. For some the sense of purpose is the incentive, for some it's not.

Yes, and that is the sentiment of a right capitalist, which you don't strike me as, being the idealist you play on the interwebs.

 

[UCFRogerz]

There's something wrong with you.

It's a harsh way of saying that having kids or a family that depend on you could change your perspective. Your life immediately goes from me-me-me to we-we-we.

I work hard so my kids don't have too, I work hard so my family can have nice things. I work hard so we can do fun things. I work hard so my kids can focus on school and not have to worry about whether or not we're going to have food in the fridge or a place to live. I work hard so my kids can grow up to be self-supporting, non-degenerate, contributors to society. If I work hard enough, even my grand kids could benefit from this.

I do not work hard so government assistance leeches can be a drain on society.

I contribute to society in a meaningful and powerful way through the successes of my children.

 

[jetsaholic]

It's a harsh way of saying that having kids or a family that depend on you could change your perspective. Your life immediately goes from me-me-me to we-we-we.

I work hard so my kids don't have too, I work hard so my family can have nice things. I work hard so we can do fun things. I work hard so my kids can focus on school and not have to worry about whether or not we're going to have food in the fridge or a place to live. I work hard so my kids can grow up to be self-supporting, non-degenerate, contributors to society. If I work hard enough, even my grand kids could benefit from this.

I do not work hard so government assistance leeches can be a drain on society.

I contribute to society in a meaningful and powerful way through the successes of my children.

Boom. Outtahere.