You are hopeless. I'm not going to engage further as I don't want to waste my time trying to teach you foundational economics concepts that I'm not sure you could understand anyhow. Understand that there is no debate that private school is a luxury good. None. Your insistence otherwise is blatant ignorance on embarrassing display. |
It is surreal that there are PPs who seem to genuinely not understand such a basic point. |
Ah, yes, the foundational economic concept of "it is a luxury if I say it is." |
The debate about private school as a luxury good was in response to a PP who said that she used private school because the school couldn't accommodate her kid who is dyslexic. And then some PP who won the Nobel Prize in Econ 101 has spent a bunch of time weighing in to educate us all about luxury goods. |
Hey guys, she is a tenured professor of Karenomics. Please respect her authority. |
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You obviously agreed to spouse being a SAHM, so I find it disgusting you want to punish your wife because she wants to give your kids a step up, which you absolutely can afford. You know her earning potential and job choices would suck. But, you make the money, so……. You sound like an a$$. |
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I didn’t read everything but I would be kissed if DH rates his need to retire 2-3 years early with the option for a better for for DC’s education. Your salary affords you and your family many things. Why would you not see education at the most important.
We make you salary combined but we agree 100% that DC education is the best $ spent. I can understand some things but wanting to play golf full time for a year or two earlier or some such seems so incredibly selfish. |
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New poster. My kid is in public but if I could afford private I would absolutely send him. Public schools are different now, and most importantly the level of kids your kids will compete with is much higher than when I was in HS in the 90s.
One has to either supplement heavily which leaves little time after school or go to a high level of education school during the day. America has succeeded in bringing the best and brightest here as well as motivated so it’s a tough competition for our kids. |
I'm the PP who has a dyslexic kid and of course private school is a luxury good. It is bizarre that you are arguing otherwise. |
But you said that the public school couldn't accommodate your child. If that's true, then private school is not a "luxury" any more than an outfitted van for a wheel chair is a "luxury." Words have meanings. |
Agree completely. |
I'm going with the meaning used by economists. The phrase "luxury good" is a term out of economics. It's a luxury good. I honestly do not understand how you can think otherwise. |
Are you an economist? I find that hard to believe. Nor would an economist define an accommodation for a disability as a luxury. I mean, no economist other than you. |
And 1-3 years of compounding gets you peanuts. The tuition build are now, not in 30 years like retirement could compound it. 529s should be set up by 22 yos w a job, then switch the recipient name to your own kid if/when you get married and have kids. Otherwise we’ll it on the secondary market in a negotiated agreement. |
Maybe she thinks education is a luxury, which might explain her lack of ability to read critically or use reason. |