Senate approves bill to make Juneteenth a federal holiday
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NO. Sorry, this ain’t about English, this is basic math. What the flying fuck is Juneteenth? The 13th? 14th? 15th?
I’ve heard of the 12 Days of Christmas, should we make it the 7 Days of Juneteenth?
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@89th said in Senate approves bill to make Juneteenth a federal holiday:
I’m just looking forward to the next federal holiday: Febtober
THE DAY IS MINE, TREBEK.
That’s Fedtober to you…
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Cory Booker was on TV today. He has been touting a plan similar to what I have many times said here I could support. Every American child at birth has an account started for them and occasionally contributed to (annually?) based on family income. At 18 he figures those that have the full amount would have about $50K to spend on some approved thing - education, starting a business, buying property. That sort of thing.
This makes much more sense to me in terms of addressing wealth inequality. Kids that otherwise would not grow up knowing they have a shot at the American dream and creating generational wealth. They would also grow up seeing for themselves how money grows and wealth is created.
Your thoughts? It's not race based and makes much more sense than handing out a chunk of change to adults today who will be broke again in 6 months.
Based on approximately 24% of 330 million Americans being under 18 I'd estimate somewhere around $30B annually.
“I am fond of pigs. Dogs look up to us. Cats look down on us. Pigs treat us as equals.” ~Winston S. Churchill
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I was by my old alma mater last week. Displayed prominently in the administration lobby was a poster announcing a new series of scholarships, funded by the Jimmy Davis foundation (Jimmy was also an alumni).
Louisiana has a TOPS program, which allows for state money for tuition at a private or public school for Louisiana students who take the TOPS curriculum and have a decent average. The JD scholarship would work in conjunction with the Pell grant program for those of lesser means. At the end of the day, that means a high school kid with a 2.5 average and at least about a 20 score on the ACT will qualify for a full four year ride at a private college (does not include housing or food). They have to maintain a C+ average in college, to continue to receive the scholarship.
Folks, that is $112,000 worth of private college education. How much opportunity do you want?
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@mik said in Senate approves bill to make Juneteenth a federal holiday:
Your thoughts?
This would be federally mandated? (How else would it be enforced?) That makes it totally a fucking non-starter for me.
As it ground its way through the lawmaking process, compromise conditions would attach, creating loopholes to un-sequester the money before the kid gains majority (assuming the bill survived at all). Surprise, surprise -- the kid turns 18 and is like, where's my money? "Well, dear, we needed a new roof, and the washer gave out ..."
When today's newborns turn 18, what is a reasonable nestegg to be waiting for them? Fat chance getting that future reasonable amount through today's legislative process without causing much screaming and pearl clutching. The annual increase would be a right donnybrook each and every time.
No guarantee that this plan would improve kids' respect for money, and no guarantee that kids' plans for the money would be all that upwardly mobile. A significant number would see the money as a nice little startup for a drug-running operation.
I don't see it working very well.
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bolded text@mik said in Senate approves bill to make Juneteenth a federal holiday:
Cory Booker was on TV today. He has been touting a plan similar to what I have many times said here I could support. Every American child at birth has an account started for them and occasionally contributed to (annually?) based on family income. At 18 he figures those that have the full amount would have about $50K to spend on some approved thing - education, starting a business, buying property. That sort of thing.
This makes much more sense to me in terms of addressing wealth inequality. Kids that otherwise would not grow up knowing they have a shot at the American dream and creating generational wealth. They would also grow up seeing for themselves how money grows and wealth is created.
Your thoughts? It's not race based and makes much more sense than handing out a chunk of change to adults today who will be broke again in 6 months.
Better than just giving Mom & Dad $300 a month… which is free college essentially. Our guy ran the projection, the $300 we’re getting for Finley is going straight into Finley’s 529. Over 16 years that will be $120K with a modest return. Average tuition and boarding projections are coming up to $37,500 per year in 2037 for in-state tuition. That’s $150K… Frankly, I like them being responsible for 50%, so I’ll probably put some aside for starter retirement funds for the two of them.
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