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Begin Text for Newspapers: Cost and Bonus (National=100k ... State=10k)

Idea Lottery:
529s: A Ponzi Scheme

529 College Savings Plans:
An Absurd Policy
for the Middle-Class

1 Self-Sustaining Inflation: Everything done to reduce higher-ed inflation igknows the basic definition of inflation, that is, more money chasing the same goods and services. Higher-ed inflation is, thus, a self-sustaining and inevitable. If you throw money at inflation then you get more inflation like hosing a fire with gasoline.
2 Igknowant Relatives: Relatives who think they are helping their college-bound youngsters with tax-beneficial accounts igknow how the ballooning public debt is a de facto indirect college loan to which igknowant relatives obligate their youngsters. This national jumbo college loan is at higher interest rates than direct college loan interest rates.
3 First In, First Out: 529s are, overall, a Ponzi scheme with the first-in receiving the maximum benefits while later participants are stuck with higher debts, taxes and unemployment. Or, social, economic and political collapse.
4 Free Rides: Those who can pay the full college tuition when the baby is born are the ones who get to have college costs of two decades earlier. The pay-as-you-go, muddled class has to pay higher college costs to make up the difference between then and now costs.
5 Bad Math: 529s are a Ponzi scheme that benefit the rich because, like lottery tickets and 401ks, the muddled-class igknows basic math. The muddled class believe they can get something-for-nothing.

General Summary of 529s:
  1. Robbing Peter to pay Paul
  2. Winning today's battle but losing the long-term war.
  3. Saltwater Policy: Taste good at start, worsens long-term thirst.
  4. Road to hell is paved with good intentions from bad values.
  5. Igknowance is bliss until igknowed problems blitz your life.
Youtube video

I support eliminating 529s as an inflationary force that only benefits the rich.

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