"Bob LeChevalier" <lojbab@lojban.org> wrote

Feel free to try this stunt with your own kids. No one is stopping
you.

No one but the feds, state and local governments and the NEA...LOL

"Bob LeChevalier" <lojbab@lojban.org> wrote

Feel free to try this stunt with your own kids. No one is stopping
you.

No one but the feds, state and local governments and the NEA...LOL

"Bob LeChevalier" <lojbab@lojban.org> wrote

Feel free to try this stunt with your own kids. No one is stopping
you.

No one but the feds, state and local governments and the NEA...LOL

GP

"Logan Shaw" <lshaw-usenet@austin.rr.com> wrote in message
news:5LYOg.2953$vD2.328@tornado.texas.rr.com...

Godzilla Pimp wrote:

Figger that many kids will spend 20 years in school counting preschool
and
college and the average cost per year will be $13,000. That's $260,000
total
(as much as the average house!). Most investment portfolios will return
about 10% per year over 20 years (at least they have). Compounding the
interest, that comes to $916,000...nearly a million bucks!

Wouldn't it be easier just to keep the kid out of school and give him
the
million at age 22? Get him a nice encyclopedia and teach him basic math,
English, history, biology and geography yourself.

Before offering your opinions on how to teach math, you might want to
consider learning some math yourself, because your analysis is way off.

First off, I get $819,032 if you put $13,000 into savings per year, earn
10% interest, and it gets compounded annually for 20 years. $829,504
if it's compounded monthly, and $830,541 if it's compounded daily.

But more importantly, that's not the right calculation to be doing. You
need to consider two things where your analysis doesn't correspond to
reality very well at all. First of all, the most expensive schooling
is college, which comes at the end. That means most of the money has
to be paid at the end. If you are putting the money into savings that
you would have put into education, you are putting more of the money
into savings at the very end. So your interest is actually a lot
lower than if you put it in evenly over a period of years.

Yeah, it looks like I used 21 years instead of 20. But given the massive
greed of the NEA and the huge increases in college tuition, I'm confident
that the figure would be closer to $2 million, even taking inflation into
account.

Second of all, and more importantly, even if you decide to give your
child no education at all,

I didn't say that. Memorizing a good encyclopedia (pre-1970 from a yard
sale or ebay would be best) would probably give a kid a better education
than the NEA and commie profs could provide.

"Logan Shaw" <lshaw-usenet@austin.rr.com> wrote in message
news:5LYOg.2953$vD2.328@tornado.texas.rr.com...

In fact, since primary and secondary schools are taxpayer-supported and
don't pass much cost on to the individual parents, there is not much
difference in cost between sending your kids to school versus just
raising them with no education at all.

My original post assumed that the money spent on the kid's education would
be sent into and investment account. Didn't you notice?

In fact, it might actually be

CHEAPER to send the kids to school. Yeah, you've got to buy school
supplies, but I have friends with a 4 year old kid, and they spend
$400/month on daycare. When he starts school in a year, they will
save most of that money. That's $3600/year they'll save!

Oh, I guess the Tooth Fairy pays it.

Finally, as I recall, studies show that a college education, which
still costs way less than $1 million, will raise your lifetime
earning potential (on average!) by over $1 million. So, by giving
your kid all the money you would've spent to send them to college,
you're actually giving them less wealth overall.

This is bunk. The reason college grads earn more has little to do with what
they have learned in college. Employers don't even ask about your grades.

College is basically an extremely expensive intelligence and social class
pre-screening device. You could accomplish the same thing with IQ tests and
asking about your parent's tax return but that's illegal in the US.

Of course, none of this is really relevant since you're a troll, but
oh well.

Ah, good ol' ad hominem

"Logan Shaw" <lshaw-usenet@austin.rr.com> wrote in message
news:5LYOg.2953$vD2.328@tornado.texas.rr.com...

Godzilla Pimp wrote:

Figger that many kids will spend 20 years in school counting preschool
and
college and the average cost per year will be $13,000. That's $260,000
total
(as much as the average house!). Most investment portfolios will return
about 10% per year over 20 years (at least they have). Compounding the
interest, that comes to $916,000...nearly a million bucks!

Wouldn't it be easier just to keep the kid out of school and give him

million at age 22? Get him a nice encyclopedia and teach him basic

English, history, biology and geography yourself.

Before offering your opinions on how to teach math, you might want to
consider learning some math yourself, because your analysis is way off.

First off, I get $819,032 if you put $13,000 into savings per year, earn
10% interest, and it gets compounded annually for 20 years. $829,504
if it's compounded monthly, and $830,541 if it's compounded daily.

But more importantly, that's not the right calculation to be doing. You
need to consider two things where your analysis doesn't correspond to
reality very well at all. First of all, the most expensive schooling
is college, which comes at the end. That means most of the money has
to be paid at the end. If you are putting the money into savings that
you would have put into education, you are putting more of the money
into savings at the very end. So your interest is actually a lot
lower than if you put it in evenly over a period of years.

Yeah, it looks like I used 21 years instead of 20. But given the massive
greed of the NEA and the huge increases in college tuition, I'm confident
that the figure would be closer to $2 million, even taking inflation into
account.

Second of all, and more importantly, even if you decide to give your
child no education at all,

I didn't say that. Memorizing a good encyclopedia (pre-1970 from a yard

or ebay would be best) would probably give a kid a better education than

NEA and commie profs could provide.

it's still going to cost money to raise them.

My original post had nothing to do with that.

In fact, since primary and secondary schools are taxpayer-supported and
don't pass much cost on to the individual parents, there is not much
difference in cost between sending your kids to school versus just
raising them with no education at all.

My original post assumed that the money spent on the kid's education would
be sent into and investment account. Didn't you notice?

In fact, it might actually be

CHEAPER to send the kids to school. Yeah, you've got to buy school
supplies, but I have friends with a 4 year old kid, and they spend
$400/month on daycare. When he starts school in a year, they will
save most of that money. That's $3600/year they'll save!

Oh, I guess the Tooth Fairy pays it.

Finally, as I recall, studies show that a college education, which
still costs way less than $1 million, will raise your lifetime
earning potential (on average!) by over $1 million. So, by giving
your kid all the money you would've spent to send them to college,
you're actually giving them less wealth overall.

This is bunk. The reason college grads earn more has little to do with

they have learned in college. Employers don't even ask about your grades.
College is basically an extremely expensive intelligence and social class
pre-screening device. You could accomplish the same thing with IQ tests

asking about your parent's tax return but that's illegal in the US.

Of course, none of this is really relevant since you're a troll, but
oh well.

Ah, good ol' ad hominem

- Logan

Berry

GP

This is bunk. The reason college grads earn more has little to do with what
they have learned in college. Employers don't even ask about your grades.
College is basically an extremely expensive intelligence and social class
pre-screening device. You could accomplish the same thing with IQ tests and
asking about your parent's tax return but that's illegal in the US.