Reply to In your opinion, how should the elite colleges decide conduct admissions?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Am I the only one who is fine with the way it is? [/quote]

I wish corporate recruitment and promotion could be this well defined.[/quote]

Corporates pay tax and pay my salary.
Colleges take my money and tax payers money.

I expect much better from colleges.[/quote]

:roll:

This may be the dumbest thing ever said on DCUM.  The contributions of higher education to the US economy are exceptionally positive. Around 4 million people in the US are employed in higher education.  Over the last twenty years, universities have contributed over 380,000 new patents. US higher education attracts a substantial number of foreign students who pay around $36 billion into the US economy on an annual basis. College graduates are twice as likely to own their business as noncollege graduates.  [/quote]

Lol just like for any other countries. 
They don't charge  shit ton of money like US colleges
 I expect much better from US colleges. 
[/quote]

Yeah instead colleges in Europe are "cheaper" but that's largely funded by 50-60% tax rate, even for "middle class".  So sure, you making $200K can now pay 100K+ in taxes.

No thanks, I'll take our system. [/quote]

Well that’s not the whole story. Looking at taxes without factoring in what you don’t have to pay for in high tax places is over simplified.

Say you make $200K in the US. You pay $60,000 in income taxes, plus another $10,000 in fica/social security.  That doesn’t include state taxes.  You probably pay $30,000 per year for family healthcare insurance premiums (with a high deductible). So you’ve paid $100,000 in taxes and healthcare premiums. And for this you get the privilege of paying between $25,000 and $60,000 per year for tuition in college.

In much of Europe you might pay $100,000 in taxes, but the healthcare would be free and college would be $5000-$10000.  And you would not have to spend tens or hundreds of thousands creating a curated CV for the kid to get accepted.  Sure the European system isn’t perfect - they track far too early for my liking - but on a value basis I’d take theirs over ours.

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