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A comment on College Financial-Aid Loophole: Wealthy Parents Transfer Guardianship of Teens.

Re:College Financial-Aid Loophole: Wealthy Parents Transfer ... by melling on Monday July 29, 2019 @10:53PM (#20561729)
We really did break America.

Now everyone is looking for loopholes or they want to subsidize everything.

Of course, the subsidy is soon folded into the price and quickly makes the problem worse.

https://www.forbes.com/sites/camilomaldonado/2018/07/24/pric...

Healthcare, the cost of infrastructure, trillions in unfunded pensions ... now we’re adding a trillion in debt every year.

I don’t really see how this works itself out

[ Parent | on HN ]
Re:College Financial-Aid Loophole: Wealthy Parents Transfer ... by TAForObvReasons on Monday July 29, 2019 @11:07PM (#20561801)
Everyone has been looking for loopholes for a very long time, and it turns out that the winners, for decades, have been those that discover and most effectively exploit them. Nothing is new except for possibly the brazenness.

Consider Amazon, whose founder is the wealthiest person in America. Its existence and early strength to a large part is due to a sales and use tax loophole that was eventually fixed.

[ Parent | on HN ]
Re:College Financial-Aid Loophole: Wealthy Parents Transfer ... by parineum on Tuesday July 30, 2019 @04:01AM (#20562923)
That's what made online shopping attractive, not Amazon specifically.
[ Parent | on HN ]
Re:College Financial-Aid Loophole: Wealthy Parents Transfer ... by TAForObvReasons on Tuesday July 30, 2019 @05:56AM (#20563376)
That multiple companies benefited from a loophole doesn't magically make it any less of a loophole.
[ Parent | on HN ]
Re:College Financial-Aid Loophole: Wealthy Parents Transfer ... by jrobn on Monday July 29, 2019 @11:34PM (#20561934)
It’s called corrective implosion.
[ Parent | on HN ]
Re:College Financial-Aid Loophole: Wealthy Parents Transfer ... by qserasera on Tuesday July 30, 2019 @02:02AM (#20562435)
Adapt to survive... It's going to get a bit weird.
[ Parent | on HN ]
Re:College Financial-Aid Loophole: Wealthy Parents Transfer ... by astrange on Tuesday July 30, 2019 @03:12AM (#20562709)
This isn't going to make things weird. Something else will, but government debt constantly fails to show any of the problems people claim it will.
[ Parent | on HN ]