https://www.ajc.com/news/just-morehouse-...3mRp1WOWL/

Billionaire Robert Smith just pledged to pay off the student debts of every member of Morehouse College's Class of 2019. That's about $70 million in debt, according to some estimates.

I'll take how to piss away 70 million alex

Article I read says $40 million. Nice gesture and will really help if those students all donate back to the school for scholarships.

(05-19-2019 03:43 PM)shere khan Wrote:  I'll take how to piss away 70 million alex

I want to know besides getting himself in the news for virtue signaling a HBC how many of their graduates would he hire?

I have no problem with this. If he’s got the dough and wants spend it this way rather than blowing it gambling or on hookers or whatever, then fine
I’d suggest THIS is the way it should work. Not through inefficient big gubment confiscation and redistribution.

Enough folks step up in some form or fashion similar to this and maybe the rush off the socialism cliff can be forestalled or perhaps even reversed.

Course there is also the risk that this guy goes to give a speech, anywhere, people are gonna expect something “free”, or that the students didn’t learn anything about racking up millions in debt on that general studies or whatever degree.

(05-19-2019 05:28 PM)banker Wrote:  Article I read says $40 million. Nice gesture and will really help if those students all donate back to the school for scholarships.

You're right. The article I linked said $40 million ($70,000 for one student quoted so maybe that's where I got that number from?). They have about 2200 students so maybe a graduating class of 400 or so? Obviously it would be a lot more with a bigger school.

It's also all-male. I wonder how long until someone claims gender discrimination?

Quote:If he’s got the dough and wants spend it this way

Exactly, he just basically made a one year set of scholarships for the school... I have no problems with this.

Now that being said, look for socialists to climb on the "see, he paid for it... why can't the rest of the 1%'ers" tree

(05-19-2019 03:43 PM)shere khan Wrote:  I'll take how to piss away 70 million alex

My guess is that if he can do that then he isn't exactly worried about pissing away the money.

(05-19-2019 05:28 PM)banker Wrote:  Article I read says $40 million. Nice gesture and will really help if those students all donate back to the school for scholarships.

That's a good one.

I'm not one to tell people how to spend their money. He also left it out of his speech that he sent the school for approval.

Imagine being in the class of 2018, 2017, or 2020 lol. LOL nothing for you.

(05-20-2019 08:50 AM)SuperFlyBCat Wrote:  Imagine being in the class of 2018, 2017, or 2020 lol. LOL nothing for you.

Life sucks, buy a helmet.

His money.

(05-19-2019 06:06 PM)JMUDunk Wrote:  I have no problem with this. If he’s got the dough and wants spend it this way rather than blowing it gambling or on hookers or whatever, then fine
I’d suggest THIS is the way it should work. Not through inefficient big gubment confiscation and redistribution.

Enough folks step up in some form or fashion similar to this and maybe the rush off the socialism cliff can be forestalled or perhaps even reversed.

Course there is also the risk that this guy goes to give a speech, anywhere, people are gonna expect something “free”, or that the students didn’t learn anything about racking up millions in debt on that general studies or whatever degree.

And this is a MUCH better solution than making the American tax payer pick up the tab.