| It is absolutely amazing how many colleges and | | | | not everyone can afford to go to college, and yet they |
| universities advertise that those who go to college will | | | | feel that if they don't go to college they will not |
| make over $1 million during their lifetime more than | | | | succeed at the same level as other people. Therefore, |
| those which only have a high school education, but is it | | | | people go out of their way to borrow money and pay |
| true? The reality is it may not be true, and I can tell you | | | | into the system more and more money, and in the end |
| that since 10% of our population owns their own small | | | | our colleges and universities are completely inefficient |
| business, generally those people will make more | | | | with their resources. |
| money over their lifetime than most people who go to | | | | Because of this they ask the taxpayers for more |
| college. Now, did you know that between 70 and 80% | | | | money and funding, and all of us pay over and over |
| of the people in our population are employed by small | | | | again because we believe that the colleges and |
| businesses? | | | | universities' self promotion is truthful. The reality is that |
| And that means if you add 10% of our population | | | | if we didn't make so many rules and regulations on |
| which owns a small business to the 70 or 80% of the | | | | small businesses, then there would be more people |
| people who work for them, then you actually have 80 | | | | who would succeed well above their college graduate |
| to 90% of the population left over. And those people | | | | counterparts in wealth over their working years. |
| who work for corporations are about 20% or less | | | | Did you realize that before the 1970s nearly all of the |
| depending on the year. The rest of the people of | | | | multimillionaires and billionaires never went to college? |
| course work for the government, which doesn't pay | | | | Only a very few actually had college degrees. Of |
| very much at all. It is amazing to me that colleges and | | | | course those were simpler times, without all the |
| universities are allowed to advertise such things | | | | lawyers and regulation and barriers to entry for |
| without empirical data and proof. | | | | businesses at all levels. What we have here is an |
| In fact, the Federal Trade Commission and other | | | | educational industrial complex which itself promotes |
| government agencies allow them to make these | | | | itself, and has run away costs, and yet it no longer |
| advertising claims. Further, it should be noted that most | | | | serves the purpose it was meant for, and each year it |
| corporations request resumes and they look for | | | | gets more and more inefficient. |
| people that have college educations because they | | | | It graduates professionals, who often become |
| have to weed through all the people who are applying, | | | | professional parasites, increasing regulation, lawsuits, |
| and having a college education is now a filter. | | | | rules, as they scrape their cut of the productivity off |
| Therefore, it becomes a self-fulfilling prophecy, that is | | | | the top without providing any. Now there is no doubt |
| to say if colleges tell everyone that they can place | | | | that there will be critics of my comments here today, |
| their graduates with major corporations, and all the | | | | but I guarantee they will come from those who have a |
| major corporations hire people with college educations | | | | vested interest in our colleges and universities, any |
| because they too went to college, then what we have | | | | other people who may disagree with my comments |
| here is almost an extortion ring. Corporations need | | | | here today are those who have been brainwashed by |
| colleges to train everyone just the way they want | | | | the very colleges and universities with their unending |
| them, and they give millions of dollars to these colleges | | | | propaganda telling us that we must go to college to |
| and universities each and every year. Then claim that | | | | succeed. |
| everyone needs to go borrow $100,000 to go to | | | | Baloney, I quit college myself and I retired before my |
| college, thus they need a corporate job to pay off the | | | | fortieth birthday. You see, it was easy, no college loans |
| indebtedness, sounds like a racket to me. | | | | to pay back, no brainwashing to overcome, and no |
| And much of this is done with the help of our | | | | wasted years taking it all in to no avail. Think on that, if |
| government, because leading universities are able to | | | | your brain still works. |
| define their institutions of higher learning. Unfortunately, | | | | |