 There is 1.5 trillion dollars owed in student loans, and let me remind you, this applies for both the United States and Canada, I'm currently in Canada, you cannot default on your student loans. So even if you claim bankruptcy, you still owe your student loans. I'm not too sure in Canada, by knowing the United States, if you don't pay back your student loans before old age pension, they take your pension away, or whatever fucking government pension and get like 500 bucks a month. Anyways, that to me is slavery. Now the question then becomes, for everybody who is in the position of going to college or university, should he go? I've made many videos about this, many, many, many. And it's not a black or white answer, it all depends on your situation in your life. But for the most part, I just don't see the appeal to go to college. I don't see the appeal with the level of education you get, especially you see today with a lot of Marxist professors, SJW professors, they don't fucking prepare you for life whatsoever. It's a joke. I see kids graduating university days, an absolute fucking joke. Complete joke. And I'm a proponent of education, and I never went to high school, I got kicked out. I believe education is the most important thing in life. But what is that education is the number one question. And so the quality of education the kids are getting is at a zero. And now they're going into college, university, into debt, into careers that have no future. I really think parents don't understand the speed that the economy and society is evolving at. The feedback loop between what happens on the marketplace to what they teach in the classroom is probably like a five to six year leg. And so if something's discovered new in the marketplace or how things should be done, it doesn't reach to the academia unless five, six years pass by. But that time is moot. It doesn't matter. And so you're entering university and you're going into so called careers that don't have a fucking career in the future. I really don't understand why people even have the question of going to college. Like it's one thing to have a crystal clear path, whether you want to become an engineer or a doctor. Something that's highly regulated, the only way they can get there is through this linear path. Right. But that's a rare case. And even then sometimes you got to ask yourself, is it worth there walking away medical school with like a $400,000 debt? I don't know. It's pretty fucked up if you ask me. So most people that I talk to, if they're in this position of going to university college, I tell them point blank, don't go. A lot of the jobs that you need today do not require post-secondary education. In fact, the skills that you learn in post-secondary education is nothing. It's zero, nil, not up. Now the next question becomes is, what are we going to do about this $1.5 trillion debt? I don't think so. There's much to do about it. I have some ideas. I'll save it for later for this video, but AmericanProgress.org mentioned six things. Number one, forgive all student loans. I think that's a fucking horrible idea. Forgive all loans. That's not really fair. What happens if I pay back my loans? Do I get a credit back? Do I get my money back? Like how do you determine whose loans get paid back? I think that's a really dumb idea. Number two, forgive up to a set dollar, but no, it goes back to, that's a dumb horrible idea. Number three, forgive that, no. Number three is a dumb idea. Reform repayments, no dumb idea. Change repayment options, it's number five. Number six, student loan, they're all, these are fucking horrible ideas. I'll tell you what works. Number one, not to have guaranteed fucking loans from the government. The government should not be in post-secondary education, period. The only reason why these colleges, universities are giving out these fucking tuitions is because they're guaranteed by the fucking government. That's why there's no bankruptcy, guaranteed by the government. Okay, that's number one. If government got their sticky, greedy fingers out of post-secondary, it'll be much cheaper. I mean exponentially cheaper. Number two, I actually have a solution to pay back student loans, and it goes to Milton Friedman's negative income tax. This can be applied to universal basic income. In fact, it's a way better form of universal basic income than them just giving you money. First of all, like I said, I don't recommend most post-secondary university. You learn shit. You walk out of school on average, like $40,000 to $50,000 in debt, and you're fucked, and you're probably gonna get a job only that pays you $40,000 to $50,000. You could have got that anyways by just learning real world skills, communication, empathy, sales, like fuck man. Everything I learned, I learned online or through books or through fucking experience. The negative income tax that Milton Friedman talks about is like so. Let me rephrase it. I'm reapplying the idea of Milton Friedman's negative income tax into repaying your back, your student loans, if you decide to go to post-secondary. Let's say you go to post-secondary. You walk away with $50,000 in debt, and you get a job of $40,000. Only what happens is this. On the $40,000 salary that you earn, obviously you're paying income tax. Now, a great incentive model to get people to work harder, to work smarter, and to give back to the economy. More productive a person is, the better the GDP of the nation is. This is the whole point of fucking school. Think people really forget that. The whole point of school is to educate yourself so you can get a good salary, so the salary can join the market force, and the market force can bring up the GDP of a nation. The bigger the GDP, the better it is for everybody. Let's say out of that $40,000 that you're earning as a salary, you get income tax. This depends on which state and country you are in. Let's say you get an income tax of $3,000, let's say hypothetically. That $3,000 is put towards your college loan. You're not paying the tax. This is a negative income tax. Basically, this is a great incentive model. You're not really paying tax. The tax that you owe to the government then is striked off against your loans. It's a win-win situation. This is the simplest way to execute this. You can do this on UBI as well. Instead of people just giving you money, everybody gets a 2K tax credit per month, and they can apply it to any shape or form as they want. They can apply it to their house tax, they can apply it to income tax, they can apply it to business tax, they can apply it to any sales tax, whether it's kind of like GST or HST. You can choose. That's it. This is just a law. You don't have to change any programs. That's my viewpoint when it comes into this $1.5 trillion owed and student debt, which is never going to be fucking paid back. All these stupid six points are idiotic. Summarization. Man, post-secondary school really sucks. Don't get scammed into it. All right, guys. If you have a question for me, leave a comment below this video. I'm going to be doing more of these recapping certain things on the tech startup scene, a little bit psychedelics, and more and more getting into college stuff. I have a lot of young audiences, and this question is repetitive and repetitive, and hopefully this video helps. Talk to you guys soon. Peace.