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fatzergling

Junior Member
Registered Member
Fatty said:
whenever anyone talks about Harvard tuition like this, I know they are either deeply unserious or are totally unfamiliar with top US schools. If you are powerful, they give you a full ride. If you can’t afford it, they will probably give you financial help. Top schools are much much more willing to give financial help than more mediocre ones like say, NYU or USC. These schools all have huge endowments (much of which is specifically for student aid), so they don’t care about tuition as much
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The imbalance of budgets at top schools reflects the distribution of wealth in the US. Top schools in the US have massive endowments and fund their various programs by collecting endowment dividends. Harvard can afford to waive tuition for families up to $150k because their funding mostly comes from the endowment. In contrast, lower-ranked schools rely on tuition, forcing students into a form of debt servitude.

Kinda like how, if you own millions of USD in capital, you can guarantee 7% return via real estate/stocks. Meanwhile, the wage laborer actually loses money as her wage raises lags behind inflation.
 
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abenomics12345

Junior Member
Registered Member
fatzergling said:
The imbalance of budgets at top schools reflects the distribution of wealth in the US. Top schools in the US have massive endowments and fund their various programs by collecting endowment dividends. Harvard can afford to waive tuition for families up to $150k because their funding mostly comes from the endowment. In contrast, lower-ranked schools rely on tuition, forcing students into a form of debt servitude.

Kinda like how, if you own millions of USD in capital, you can guarantee 7% return via real estate/stocks. Meanwhile, the wage laborer actually loses money as her wage raises lags behind inflation.
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Feature and not bug of the American system.

The bottom 50% of Americans represent 15% of total consumption in America - they are what we call 'flow through vehicles' (cash comes in and it goes out) whose only job is to produce profits for corporations. At the same time, their combined net exposure to the stock market is something like 20-30bln USD (peanuts).

They've thus far resorted to selling blood plasma (at the benefit of Grifols/CSL) but they've yet to start organizing a resistance - until these Americans start organizing resistance it will remain this way. So get long S&P 500 and get out before the resistance comes out with pitchforks.

This all sounds terrible, but that is the way the Oligarchs view the US.
 
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Ringsword

Senior Member
Registered Member
Temstar said:
Japan knows already, they've invited a delegation from Eastern Theatre Command to visit their Ministry of Defence to sort out the deal with that one captain who entered Chinese water without order.
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Lol at translating Eastern Theatre Command as "PLA responsible for Taiwan region", I guess they don't want their citizens to know ETC is also responsible for facing Japan, as that would make the visit look like the boss coming to clean house.
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Too bad it wasn't like those samurai movies where the gathered officials -in this case PLA-ETC/JapanMOD would gather together to see the Jap capt weep/apologize ,babble some haiku poetry and then in the garden commit hara-kiri.
 
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Ringsword

Senior Member
Registered Member
PantsFullOfAnts said:
For the past several years, I've been coming to SDF nearly every day to get updates on the competition between China and the United States. Though I never posted, I enjoyed reading everything you guys had to say.

Starting today, I will no longer browse SDF, because China has clearly won.

In every area, from diplomacy to standard of living to technology, China is now clearly ahead of the US. Today's release of DeepSeek-R1, and the central government's corresponding statement of support for further AI development, is the final nail in the coffin. I will occasionally return to check on progress with EUV, but in my opinion the competition is over. Now I can go live my life. Thanks to everybody for posting.
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Please don't go-the BEST is yet to come ,besides you are hooked now.
 
FairAndUnbiased

FairAndUnbiased

Brigadier
Registered Member
The cancelation of birthright citizenship is a huge ideological shift in the US. It cannot be understated. It means the US no longer believes itself to be a rich and innovative society.

In the past the US was ideologically a pioneer society limited by labor. Resources are rich, all you have to do is work hard and get them. The distribution problem can be overlooked as the cake is big enough. Everyone is invited to work hard, make money (and serve the government via taxes).

Now the US has shifted to a zero sum society limited by resources. There is enough labor, perhaps too much for the resources available. Now it is a distribution problem. The cake isn't big enough and the top has taken all but the crumbs.

I think all the Trump reforms boil down to stabilization and retreat. It is basically Eastern Han or Roman Dominate. A brief restoration but filled with instability and setting the stage for even worse crisis in the long term. It is sad for the people.
 
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