How Important Is Higher Education? Paypal Founder Pays Students To Drop Out Of College!

[SwobyJ]

Guys, college isn't *innately* for education. You can get that anywhere. College may *enable* you in this, but not necessarily.

College is for certification, for declaration of skills and aptitude for learning, etc. It's useful for employers in that they know your general skillset/knowledge base, and how dedicated you are to follow something (for your benefit) for years onward. It's still damn useful, but I think you'll have to put more into it than the bare minimum. Network, meet people.

[shotsky94]

@PyROphantasie I am not arguing with you about economics, i was just pointing out your earlier statement of free colleges reducing costs of private colleges was false which you seem to have admitted

.

"At least in a public business they are under direct control of the voters"

Wrong. They are under the direct control of the politicians whose campaigns are supported by unions. Why do you think there's so much antagonism towards public sector unions at the moment

/watch?v=su4PwZCWUdg

[PyROphantasie]

@shotsky94 I'll concede that I don't know enough about economics to say it's one way or the other, i can't really say public schools lower the cost of private schools but i also can't say that public schools would be cheaper without public schools or grants, etc. Although I "Think" it's the first way. As for politicians being bought by unions or businesses (Business being the FAR larger factor) That's why we need publicly funded elections, no outside donations, every candidate gets equal money

[shotsky94]

@PyROphantasie When demand is very low and are unable to cover costs, they run out of business. This is fundamental economics my friend.

"And private schools aren't?"

No they aren't, because there is a direct relationship between the payer and the provider. It is to the detriment of the private school to be corrupt. They are only stealing money from themselves. In the public school system, all the bureaucrats are stealing money from YOU---the taxpayer. There is no incentive to cut costs

[PyROphantasie]

@shotsky94 That "fundamental" law only applies when there isn't a "Core" group of people that will pay anything for a private education. Right now the majority of the population isn't willing to pay the costs of a private education, but the rich or "elite" will always want an education that is "better" than public, and will be willing to pay a lot for it, even if it just means there kids are separate from the masses.

[PyROphantasie]

@shotsky94 Where there's money there will ALWAYS be corruption. In a private industry the owners are not under direct control of the users of their services, thus if someone complains about something the owner can just say "take your business elsewhere" which in the long run leaves the consumer no other alternative, since once a business becomes a powerhouse they can use their money to "Stop" the competition. At least in a public business they are under direct control of the voters.

[shotsky94]

@PyROphantasie And if you knew much about economics, you'd realize that if the demand for private schools went down, then the price would have gone down as well.

[PyROphantasie]

@shotsky94 I had the highest grade in the class in my Macro Economics class in highschool (105%, extra credit), so i might not know the details but i know how the generalities work. Price on demand only applies to a certain point, When the demand is VERY low they often have to charge a lot more just to cover the costs otherwise they would be operating at a loss.

[shotsky94]

@PyROphantasie" I don't know how it works now but just do what High Schools do?"

I'm sorry but I cant take you seriously if you dont even have a reasonable plan. Fyi, The Public School System is corrupt to the core. Forget all the rhetoric you hear about "it's for the children". If you've ever been to a teachers union meeting, you'll know how greedy these bureaucrats and administrators are.

[PyROphantasie]

@shotsky94 Lol yes i don't know how every single aspect of the school system works and i'm not trying to create a "Plan" This is just me talking about ideology. And private schools aren't? At least with Public schools there's SOME oversight.

[shotsky94]

@sniper13x You are just a stupid naive tool. All you conspiracy theorists are a bunch of fear mongers

[shotsky94]

@PyROphantasie Using your argument against you, I would argue that the so-called "freeness" of public schools has done nothing to keep the tuition of private high schools down.

Also,are you in support of price controls on your hypothetical free public college system. If not, how would you make sure public administrators aren't abusing the system and charging whatever they want because it'll be payed by the taxpayer.

[PyROphantasie]

@shotsky94 I disagree with your first point. But if the price hasn't gone down it's because demand for private schools also went down because they're not much better than Public Schools. (Keep in mind that some Public Schools are great and some suck, just like some Private schools are great and some are called Trump University) Second point, every aspect of government, especially those dealing with money, requires oversight. I don't know how it works now but just do what High Schools do?

[shotsky94]

@PyROphantasie Okay i see and I understand where you're coming from. But i'd be happier if you explained yourself. Do you support that private institutions should be free as well or just public. That's where the main issue is. And if so, how do you plan on making private schools free

[PyROphantasie]

@shotsky94 It would work just like high school works. Anyone can attend a public high school for free but if they want a "better" or "different" education then they can pay to attend a private school. I don't see how private schools could be free? It would be nice, but with no taxes paying for them they need money to pay for everything. @jwinter228 Plus having a FREE alternative would keep the price of private schools down way more than just getting rid of student loans.

[2009368]

i'd like 100 grand to start a business O.o lol what the hell thats an amazing opportunity, come on billionaires reinvest into some good people lets get some jobs created in america already

[armyveteran101st]

I agree that college is not for everybody, but EVERYBODY ought to get some kind of post-high school education that will allow them to make their way productively in life. It is a fact that a high school diploma is not enough anymore. Long gone are the days when you could stop your education at the high school level and expect to be able to make a decent living. Yes, the cost of education keeps going up, but the cost of remaining an ignorant, illiterate, useless clown is infinitely higher.

[snappycatchy]

Debt encumbrance is an excellent method of disciplining labor.

[PyROphantasie]

@shotsky94 I just say that because if you'd read the 5 posts i wrote just before that you'd see that yes, that includes higher education. Also that comment i wrote about rich making money off the backs of others was meant to be directed at your previous comment about bill gates.

[PyROphantasie]

I just say that because if you'd read the 5 posts i wrote just before that you'd see that yes, that includes higher education. Also that comment i wrote about rich making money off the backs of others was meant to be directed at your previous comment about bill gates.

[shotsky94]

@PyROphantasie No, that was a serious question which slightly bothers me that people still think this way

[shotsky94]

@PyROphantasie Can you expand on what you mean when you say education should be free. Do you include higher education in that respect.

[PyROphantasie]

@shotsky94 Sarcasm?

[shotsky94]

@winter228 Long live Von Mises

[Neavris]

"It says a lot about the growing movement in Silicon Valley which state that governement hinder's innovation"

Wow... Look at that. Is this new? I think not.

[Neavris]

Just, don't use facebook? The medias are overemphasizing the importance of tweeter and facebook.

It's not that big, but if you think it is then you are more likely to use it. It's called hype. They do the same with electronic device shortages to make them look scarce so people are willing to pay more for them.

[shotsky94]

@PyROphantasie Please rephrase your statement to "Bill Gates should pay for my college"

[PyROphantasie]

The rich earned their money on the backs of others, they should give back to the community. Tru Dat.

[snipzor]

A very conservative way of thought, his way of thinking is that the institutional prices go up, therefore the institution is bad or not fulfilling. Rather than the ideology of fixing something when it's broken, it's more like demolishing the whole thing when the foundation just needs repairing.

Okay, if you've got an idea, yes it's good to focus on that. But if your idea is something like the... battery operated battery installer, then stick to college and university.

[Jack194343]

Ok, this guy is a genius, he drops out of school, makes millions, and becomes a Republican who wants to take Medicare away from old people. But!!!! What if you are not a genius and you drop out of school? Does it still hold that you will become a millionaire and a Family Values Christian conservative Republican with a dozen or so underage boyfriends in the closet? Does that logic hold true? I ask you.

[Boomer1949]

It all depends on the vocation you want that will determine if a college ed is worth it or not. I certainly think Doctors need college. But an inventor? Not so much. A word of caution to any kid who might be interested in this and reading my comment. Get a lawyer before you sign anything...a good contract lawyer. Your idea is your idea and you should be the one to benefit from it first.

[katey1dog]

CIA/FBI front or not, I want a piece of that action.

[oicub2]

olny smrat poelpe can raed tihs

[CeeBarrio1]

you dont need school to be educated. schooling is for robots(in end)curriculum is repeated for decades. Like doctors(great example)they (after graduation) have not learned anything new. They push PILLS on people without PROPER diagnosis (the agenda) and most doctors offices are like factories. And most kids who goto school & *graduate great % fall short of garnering a job in the field they chose. A piece of paper and curriculum embedded w/out choice does not represent intellect or qualification

[Tressco]

Of course greedy, rich fu*#s wanna live forever! Duh!

[TheUSMetalhead]

This nation should have single-payer health and education, it's one of America's MANY shames.

[TheUSMetalhead]

What's so surprising about a gay rich republican? Even gay people get greedy with money, and most greedy vote republican. What's surprising is he is an intelligent republican. I have to say I fucking hate facebook, I'm like Kyle on SouthPark, I was forced into starting an account there and I just eventually closed it because it's beyond silly and it's a trial op for the CIA/Military, it's the beginning of categorizing every human on earth.

Read Singularity 2045:The Year Man Becomes Immortal.

[delreydavid]

@TheUSMetalhead I have heard that it is KGB facial recognition software from the cold war. FB is getting very scary. Now when you load photos, it automatically knows who people are by a database of saved info. We are voluntarily giving away all of our identities to a giant computer.

[katey1dog]

@delreydavid

I haven't uploaded anything onto that thing in 2 years.

[Jack194343]

@delreydavid Is that good?

[VeritasAmantesVocat]

people shouldnt emulate a POS like this guy.

he makes his money preying upon the stupidity of common people.

[m0rbusPolytox]

damn, this guy is a BILLIONAIRE, but hasn't got the cashto get his one ear fixed?!

honestly, this one ear (you know, the one that sticks ot/stands off - i dunno how it's said properly in english, sorry) looks horrible!

he should get this fixed. at least, if i had his money, this would be on my "to do list".

yeah yeah, i know, that's a bit shallow and skin-deep, but unfortunately this society IS judging people by their looks!

and it makes him look really unattractive..at least in my opinion.

[CoconutsandBananas]

Some of the comments on here worry me for the future of my country. really? "draconian empire"? "NSA/CIA operations"? *smh* I'll be seeing some of y'all in a couple of years when I'm done with law school. I'll make sure to put in a good word for you with your mental health professionals and parole officers.

[TheUSMetalhead]

@CoconutsandBananas What should scare you is the fact that you think like a typical American.

[CoconutsandBananas]

@TheUSMetalhead How do you presume to know how anyone thinks? Be it the "typical American" (as if there is such a thing) or myself? Are you in my head? No? Well, until you are, you probably should not assume that you know "how I think." I choose not to be "scared" about anything. Life is far too short to be spent living in paranoia.

[SeppLainer]

Well, it is true college is BS these days. I mean, you go to learn how to hold booze and get indoctrinated by a bunch of failure professors teaching an agenda, not a curriculum.

[BabybooR33]

THE DRACONIAN EMPIRE!!!!!!!!!!

=D

[Kardiatheon]

I want to play chess with her.

[PersianPaladin]

fuck america

[Kardiatheon]

@PersianPaladin You can try if you want to, But maybe should should let sleeping dragons lay. The world has not seen what we can do. For the most you seen small Armys to punish you, like someone would spank a child. If we made a draft built up a 1 million man there will be a force that the world has never see. We all ready have all the guns, bombs, planes and missile. We just need a target, so you feeling lucky punk make my day.

[PersianPaladin]

@Kardiatheon

China, Russia and the rest of the world will fuck your country up the ass.

[Kardiatheon]

@PersianPaladin I think you better stand with us, then agaist or soon you will be under their control. When they take you over there will be no religous freedom or any freedoms. Unless you don't belive in the god given right for men to be free. Then I would suguest to you to leave us alone. People in Afgan and Iraq are now free. Maybe there was 500 ways to get it wrong and 1 way to get right, but the next gen of iraq will be happy that they no longer have a dicator.

[Jack194343]

@PersianPaladin Oh! I can hardly wait.

[godthisisannoying]

The most important part in getting a job opportunity is knowing other people - social connections. If someone knows you, if someone is impressed by you, they (or people they are counseling) are MUCH more likely to hire you than if they have to review your entire resume, call your previous employers and fact-check. College provides a breeding ground for those connections, between students and teachers and among students themselves. This, however, is the most underrated part of college.

[Garlannd]

90% perspiration, 10% luck

[pistraurder]

college is still worth it if you are from a working class background in a no-name town. it certainly may not be if you are from a wealthy family and you live in new york city or silicon valley. what it does is enable you to meet different people and/or have the opportunity to get a highly specialized graduate professional degree that will open doors faster in most fields than if you self-taught yourself something or another, which would take longer and be much more difficult in many cases.

[pistraurder]

just a psa, internet blitz chess is not the equivalent of tournament chess played in real life. it's a video game. nintendo chess and doesn't have any significance.

[pistraurder]

what time control were they playing?what a surprise someone with a ton more experience easily beat someone who had no idea what they were doing. also was the lady psychologically stable? as if you're not, and say, I don't know having a nervous breakdown, you would not be able to play chess. love how the media perpetuates myths about chess. only people who are really good at math can play. not true. different types of intelligence and genius, someone can be ok at math and still be really smart.

[PyROphantasie]

Public Colleges should be FREE

[CoconutsandBananas]

@PyROphantasie I agree.. however, considering the poor quality of our public school system here in the States, I can imagine that the less than satisfactory quality of our public universities and community colleges will decrease even further if those attending are doing so for free. Our culture all but makes it impossible for the idea of free education to work to our advantage (like it does in China and most of Europe) We do not appreciate even the privileges we have.

[jwinter228]

@PyROphantasie Nothing is 'free.' You just want non-college average joes to pay for kids that do go to college- how is that fair? If you make it 'free', more and more kids will go to college, "legitimizing" the non-learning that goes on there. Then, kids will just waste years not learning anything when they could go to some alternative school that could provide real learning within a year or two. It may sound good, but it will just push off costs to others and undermine kids' learning capacity.

[m0rbusPolytox]

@jwinter228 NO, it wouldn't. if these kids you are talking about wouldn't learn to pass their degree, guess what: they wouldn't pass!

it's simple as that.

there' still some european countries left that provide their citizens with FREE college education! and guess what - it's even "better" (that is "FAR BETTER") than in the US!

unfortunately, most european states DO charge, but not anywhere near as much as in the US. 500€/semester is still way too much!

[PyROphantasie]

@jwinter228 I don't agree that you learn nothing of value at college, it depends on the student. And it depends if they can see the value of learning things that might not have an immediate influence on your life. And making public college free wouldn't take away the ability for anyone to go to an alternative school of their choosing. And your right, nothing is free, it's called taxes. We, as a society, agree that it is better to have all of the public educated than for only the top 2%.

[jwinter228]

@PyROphantasie It's not that you learn 'nothing' but the problem w/ having everyone go to college is you have tons of kids graduating with no jobs. They spent 4 years of their life studying something that they can't get a job in. What a waste! If you really care about kids, have the heart to tell them that some of them could go to college, a lot shouldn't, and some should learn a trade. Taxes are so wasteful - cut gov't student loans so prices can fall & kids w/ the will to learn will get there.

[PyROphantasie]

@jwinter228 Anyone can drop out of high school at 16(I think it varies place to place). There should be public colleges that teach trades too. Kids with the will to learn? Or kids with the parents who have money?

[jwinter228]

@PyROphantasie The consequences of 'free' anything: overconsumption. You also get gross misallocations - kids end up getting degrees they can't use. Europe's solution is like their health care model - central planning. German kids are told at a young age which type of education they will get - it's a caste system - no free will. I don't want the govt to plan my kid's future - and if student loans weren't thrown around like candy, tuition would plummet & ppl could afford it. It's a huge bubble.

[chri5784]

@PyROphantasie And exactly where does this FREE money come from to pay for your FREE college? If you say the government, then guess what IT AINT FREE. WE PAY FOR IT.

So NO it shouldn't be FREE.

[TheUSMetalhead]

@chri5784 It's pretty simple dopey, we can have BOTH single-payer health and education by simply ending war, cutting defense in half or more, ending corporate and farm subsidies, keep corporate tax rates as is, and end the tax breaks for the rich. If you know anything about how single-payer works, you 'd know it would eventually SAVE taxpayer money over time, and our GDP for health care would drop dramatically. Get a little education on the issue before you spout nonsense.

[chri5784]

@TheUSMetalhead I understand that completely, but where exactly is the FREE PART? The OP said we should have FREE Education. The money has to come from US, even if we all pay into a pool, it still comes from US and it is NOT FREE.

I think a lot of people think the money just comes out of the thin air.

[PyROphantasie]

@chri5784 The top 2% should pay higher taxes, that's a MUST. There's also talk of a Banking transaction tax to pay for public college, they have that in England, that could be up for debate. You think Elementary School shouldn't be free either? Middle School? High School? ALL EDUCATION SHOULD BE FREE

[Kardiatheon]

@PyROphantasie Make a free college to compete with the Public ones. That will drive down the price. Also we need to end public sector unions.

[PyROphantasie]

@Kardiatheon ...I'm not even sure how to respond to that? No?

[davymatheny]

@PyROphantasie colleges are really a dumbing down of society.we should be able to be dumb to get a good job but yet smart enough to make the right decisions.you would think that only smart people would get good jobs but in reality its the opposite.so we are screwded anyway we go.

[PyROphantasie]

@davymatheny I don't agree with the first part, the second part, yes, but only jobs that don't require intelligence. But building new technologies requires intellect, and that's what we need as a country, more and better technologies than the rest of the world. And in the long run those types of jobs will be won out with by those with the best education. All the countries in the world that have the best education do it with Public schools, not private.

[b07rivera]

He's gay, religious, conversative, and into self-governed individuals and truth education. Hell, I like this guys, sounds like a Libertarian. I gotta get my ass in gear to have a B.A. at least. But i know the stupid liberal will called him a Koch clone.

[OuTofJoY]

The biggest retarding factor to innovation and progress is OLIGARCHY (lit "rule of the few over the many") whether political or economic.

No individual is entitled to profit beyond what the mingling of his OWN LABOR and capital produces - which means PRIVATE acquisition/holding of capital MADE FRUITFUL by the LABOR OF OTHERS is impossible and unjust.

Such an arrangement is only "possible" via IDEOLOGY - the psychosis that the privatization of the power of others is "natural."

[DiceWarwick]

I at least got my Associates degree, but still have not real hope for a real good job, well unless I get lucky. Simply their are just not enough jobs out there to support getting a higher education.

[MrAlecaf]

fuck im actually down for his self governing communities.

[MrAlecaf]

This guy is part of bilderberg and a real neocon. The guy wants less educated people period.

[sniper13x]

@MrAlecaf Schools stopped being about education decades ago. The only place you can actually learn now is private high end schools and ivy league colleges, or home schooling your own children. Everywhere else is about regurgitating facts until you get your bachelor's degree. Then you can spend an extra few year learning what you really went to school for. Search for "the miseducation of america" on youtube for an eye opener.

[junemem]

Great idea. Spend $100,000 to start your own instead of going into debt to fund these overpriced institution.

[bdyan1]

so selfish people like him they dont want u to get educated to eliminate potential competition and uneducated people r cheaper to hire! shame on u!!!

[watertonrivers]

@bdyan1 I don't know what to think about this guy,however, unless you are going to be something like a doctor, I really don't see how you could not learn practically anything you need to know on the internet and by reading books and practical experience.

[iknownothingnow]

Excellent video

[LostFREEDOM]

we have 100% Indoctrination...How is that education?

[sniper13x]

Given that facebook is a NSA/CIA operation, is it really a marvel that this guy just happened to invest in facebook after miraculously creating paypal, the stepping stone to the cashless society? I'm sure hes just a really smart and fortunate guy........ I know I know, i'm crazy and conspiracies are fantasy and the government loves you and wants to protect you and facebook isn't the Orwellian wet dream of de-socializing everyone while keeping tabs on everything you do.

[KladionicaCity]

@sniper13x How about you come up with some of your thoughts,instead of parroting everything Alex Jones says?

[sniper13x]

@KladionicaCity If you need Alex Jones to open your eyes to whats going on in the world then you are a lost cause. I discovered Alex Jones after researching, not before, and I don't agree with everything he says. It doesn't matter to dumb sheep like you though, you just like to label people instead of getting your head out of the sand.

This guy is worth 1.7 billion, if you think people get wealth like that out of thin air and "hard work" i got beach front property on mars for you to buy.

[boowana]

@sniper13x What is with the anti education propaganda lately?

[DiceWarwick]

@boowana it's both bullshit and understandabull. we all need education, but in the USA the education is so bad that it's not worth the money unless you know you can get a job that can pay off the lones in ten years.

[SupermarketsRevil]

@sniper13x <<<another fucking conspiracy theorist nutjob. Cite evidence for your claims unless you are a stupid 13 year old redneck who is too retarded to understand politics so you demonise everything about the gov't. Occam's razor, motherfucker. Learn2logic.

[CrocoDuck420]

@sniper13x Dude like I read in this book man about that. Like dude its like happening and nothing we can do man. I'm going to that place with the desert man,

[kmelfina]

College Debt + Job that won't give enough money to pay it off vs smart business that actually helps out economically (electric car might = solar powered car).

Being a senior in highschool going off to college... this vid really makes me cringe since i feel that I have no choice in this matter but college >_>;

[watercup123456]

@kmelfina What this video should tell you, is that many students waste their years at college because they are too young and don't really yet know what they want to do... But you also don't want to waste too much time taking too much time off trying to figure out what you want to do.

But that is the best thing.. Try as hard as you can to really figure out what you want to do with your life, and have college give you the tools making money doing that thing. Its not easy, college does suck.

[biggydx]

Living for 200 years would be an issue because it changes the whole socioeconomic and food supply dynamic of our planet. Overpopulation would be the biggest threat. I wouldnt mind living that long (albeit it would get boring during my later years) but it has consequences.

[ionacaddy]

Wow