Even COB Subsidies must be paid for

Dispersed CostsYesterday's post brought a few emotionally charges comments out on my personal Facebook page and our Facebook page.

But subsidies must be paid for. Either by COB creating their own revenue stream through studies etc or by everyone paying more taxes. The Government borrowing money to subsidise at the expense of future generations is unsustainable.

The concentrated benefits (COB students in this case) and dispersed costs among all citizens, is simply unfair to the general public that is on the hook for the taxes.

What prevents like minded people (people that see the value in education, COB Alumni etc) starting a fund to donate to COB to help pay for the needy students? Seems to me that would be a better way?

The following 2 minute video from Learn Liberty might help explain the point a little better.

This entry was posted in Blogs by Rick Lowe, Current Affairs, Economy, Education, International, Politics/Government, Society, Weblogs. Bookmark the permalink.

4 Responses to Even COB Subsidies must be paid for

  1. Norman Cove's avatar Norman Cove says:

    All good stuff….. But in the event of VAT being introduced, will not exchange, what we called used to call barter, be an offense?

  2. Rick Lowe's avatar Rick Lowe says:

    You could be right Dr. Cove.
    I did not see a reference to that in the White Paper though.
    Some people have predicted with VAT we will become even more of a cash society.
    Google VAT Fraud and see what pops up about Great Britain.

  3. Tradewinds's avatar Tradewinds says:

    When it comes education we all seem to take a kind of utopian view that education is fundamental right and it is up to government to pay for something that has become a public burden.. We all believe that education is the key for a nation to enhance its economic and social future.. I always have believed this ideal, but given the experience over the last five decades in the United States I’m now not so sure..
    In the 1960’s the United States was the world leader in educational achievement.. It was first in the world in secondary education and first in quality in college education and graduates.. Today the United States has fallen to thirty third in the world in secondary education and declined to eighteenth at university level.. Over this time frame, the cost of university tuition has more than doubled at the elite universities.. One has to wonder what are students and the nation as a whole are getting for this huge expense in a system that has continuously declined in world standing??
    We have to question ourselves as to what our students today are learning in the classroom.. Are that learning to think objectively and how to use the basic inter-disciplines skills of analytical thought and thinking?? Or are they being exposed to a curriculum of academic indoctrination.. In the United States the introduction of Core Curriculum programs in secondary education over the last decade has standardized curriculum at the expense of objectivity.. In so many cases history has been revised to reflect changing social values and not what is documented to be factual..
    Yes education is extremely important for the development of a nation but at what cost? We even have to question whether our school today are for students or are they run for the benefit of teachers and facility.. What do you think??

  4. Ominous's avatar Ominous says:

    Actually, Bartering is already against the law here, if I am not mistaken.
    Outlawed to prevent the unscrupulous with Company Stores, from taking advantage of workers hired on, say to work on sponging smack boats or remote farming concerns.
    This dates from the 1800’s
    Of course this, like many of our laws are ignored or languish unknown to both Citizen and Law enforcement.

Leave a Reply to TradewindsCancel reply