Is the lack of education drives humanity to live “bad lives” (Rumble, 2007, p.3) as posit by Ted Honderich, or the highly educated ones cause the lives of some turn bad because of greed as in the case of Madoff by orchestrating one of the biggest Ponzi scheme in the history? Rumble leaned towards Honderich idea of people living bad lives was primarily due to lack of education, and to counteract its negative impacts like poverty, crimes, and the like is to provide a free quality education to all funded by the state government by implementing a redistributive tax law. (Rumble, 2007). In Forbes Investing publication dated February 12, 2014, “Indeed, in the six-year span from 2008 to 2013, Madoff’s scheme was only one of over 500 Ponzi schemes that collectively involved over $50 billion.” (Maglich, 2014). Ponzi schemes definitely ruined some people lives, not because of lack education but because of greed. It will take a highly educated individual to fool educated people and turned their lives around. Citing off the Ponzi schemes is my direct opposition to Rumble’s stand that the lack of education caused bad lives. It is the moral choices of both educated and less educated can steer their lives in downward directions. However, I am not discarding the fact that the higher education one …show more content…
Prestigious universities may start closing their doors, and the quality of education may suffer. Let’s take a look at the popular Massive Open On-Line Courses (MOOC) such as Coursera. This free on-line education was funded by two Stanford University professors, Daphne Koller and Andrew Ng, whose primary vision was to educate the world for free. It was such a noble advocacy because not only it provides free education free but it also frees up the state of its moral responsibility of providing education to the
As mentioned before, he based all of his facts off of his own opinions. Dale uses only 2 pieces of statistical evidence to backup his claim. If this assumption were to become something that everyone believed, people would not get the education they would need to have a successful career life. A lot of people would become jobless because all the low level jobs would not need anymore employees. The higher up jobs would be lacking in business because no one would meet the requirements to work for the companies. Reviewing the article, Dale forgets to point out that a lot of people that go to college become successful. Yes, college isn’t right for everyone, but most of the time, the only way for people to have a successful lifestyle is to go to college.
While she was working the minimum wage life she would talk about the rich as selfish people who struck luck and got all their money that way. She says, “ Since the rich have become more numerous, thanks largely to rising stock prices and executive salaries” (Ehrenreich 109). She explains that the rich are becoming more numerous as a result of stocks and executive salaries growing. The New York Times says, "Data Reveal a Rise in College Degrees Among Americans” (Rampell 1). The article says that more and more Americans are earning college degrees over the years. This is the reason why the successful are
In the article, Casey Bayer wrote about a future plan that the New York Governor, Andrew Cuomo, brought up. Then, the author wrote about Professor David Deming’s response to Harvard’s questions about the plan in New York and the explanation of what free college is. In the article, one of the main issues of free college, that Bayer and Professor Deming tries to address is that if college is free then how will it affect the quality of the education.
An inheritance from his father allowed Ponzi to attend the University of Rome, which only further perpetuated the goals his mother desired for him. From the stories his mother often told him of the aristocracy of the family, Ponzi sought after the wealth to accompany the reputation. At school he was accepted into a group of the wealthy elite, and often gambled to increase his monetary allowance. This however only bankrupted him, forcing him to drop out of the University. Urged by his uncle to leave Italy in pursuit of the United States because “he was refined and from a good family” and he could easily become wealthy in the United States. His uncle continued by telling young Ponzi, “in the United States, the streets are actually paved with gold. All you have to do is ...
The Bernie Madoff Ponzi Scheme is a well-known case and is known as one of the biggest Ponzi scheme’s. In summary the scheme occurred for many reasons that I will some up into 3 points; A lack in competency by regulatory agencies, a lack of regulation, and finally a breach in ethics by Bernie Madoff himself. To explain further, the regulatory agencies like the lawyers and SEC are supposed to prevent schemes such as this one from happening but because they lacked the skills to correctly assess the situation, interpreting the number of tips they had received regarding scheme that had been filed, and to act on those in an efficient manner. One of the tips was made by Harry Markopolos in 2000, of who correctly predicted that Madoff was guilty of fraud. Even after this tip from Markopolos, Madoff was not arrested until 2009. Many family members were also a part of the fraud along with some non-family members such as Frank DiPascali and a team known as the 17th floor team, who helped Madoff carry out his fraud. The idea behind Madoff’s fraud was that he would produce false statements of their investments and when people wanted to pull out their investments, the money wasn’t actually there, which rightfully rose more than a few eyebrows and ultimately led to his arrest.
When the General Court of the Massachusetts Bay Colony founded the first college in America, Harvard, in 1636, it marked the beginning of college as the backbone to the American Dream (“About Harvard” ). Around the world, America is coveted for the “American Dream” in which someone can go from deep poverty, to unbelievable wealth, all by getting an education which allows a person to obtain any job and reach any economic level. The article “Peter Thiel Thinks You should skip college, and He’ll Even Pay For Your Trouble; The famous disrupted says overpriced universities hold back innovation, and what's to rewrite education to his liking” by Tom Clynes argues people should not attend college because it is a hindrance to innovation, while the article
The opposing side believes that people would be better prepared for life if they either went directly to the working field after high school or to a trade school instead of a college or university. One reason they disagree with college is because college does not ensure job readiness. As a result of this they state that a great deal of students who enroll in college do not actually graduate. According to a study done by Complete College America in Texas, of every 100 students who enrolled in a public college, 79 started at a community college, and only 2 of them earned a two-year degree on time; even after four years, only 7 of them graduated. Of the 21 of those 100 who enrolled at a four-year college, 5 graduated on time; after eight years, only 13 had earned a degree.” Another main reason that they oppose college is because tuition rates have risen quicker than income and so it is even more difficult for students to graduate debt free. In addition to these arguments they also state the obvious point that with the more students who attend college and actually receive degrees the more diluted the original value of the bachelor’s degree will become. Lastly, they say that there are people who succeed without college degrees. Some of these people including Charles Culpepper, owner and CEO of Coca Cola; Michael Dell, founder of Dell, Inc.; Walt Disney, Disney Corporation founder; Bill Gates, Microsoft founder; Steve Jobs, co-founder of Apple; and Steve Wozniak, co-founder of
How to get a better life in the future? Literally to get a better life one has to get through education. This process takes about sixteen years to complete, but when someone joins this process they have to follow the U.S. education system. Education in the United States has been following one idea that comes from a foreign region “The Prussians”. It has been evolving over the years and it has remained adjoining new ideas. Some of these new ideas involve many circumstances which have changed the concept of education. In “Entitlement Education” Daniel Bruno suggests that education has been overall cheating students, and that it is competitive to graduate and to get a job; also, in “What is Education?,” Petra Pepellashi states that education would have been better with Thomas Jefferson’s model of critical thinking rather than the Prussian model way of respecting authority. Above all, education remains competitive, and it continues cheating students because of the usage of the Prussian model rather than Thomas Jefferson’s vision.
It’s considered a rarity now days to walk down a major city street and not come across a single person who is fighting to survive poverty. The constant question is why don’t they go get help, or what did they do to become like this? The question that should be asked is how will America fix this? Over the past year, Americans who completed high school earned fifteen point five percent more per hour than that of dropouts (Bernstein, Is Education the Cure to Poverty). According to Jared Bernstein, in his article “Is Education the Cure to Poverty”, he argues that not only do the poor need to receive a higher education, but to also maximize their skill levels to fill in where work is needed (Is Education the Cure to Poverty). Counter to Bernstein’s argument Robert Reich expresses that instead of attempting to achieve a higher education, high school seniors need to find another way into the American middle class. Reich goes on to say “the emerging economy will need platoons of technicians able to install, service, and repair all the high-tech machinery filling up hospitals, offices, and factories” (Reich, Why College Isn’t (and Shouldn’t Have to be) for Everyone). Danielle Paquette, though, offers an alternative view on higher education. Paquette gives view that it doesn’t matter on the person, rather it’s the type of school and amount of time in school that will determine a person’s
The biggest question or dispute regarding the cost of higher education is finding the appropriate monetary and economical equation to determine the percentage of personal and public responsibility. The above debate has been in question since the 1800’s when Thomas Jefferson stated; "I think by far the most important bill in our whole code is that for the diffusion of knowledge among the people. No other sure foundation can be devised, for the preservation of freedom and happiness ”. Those important words that called attention to the importance of having an educated citizenry in order to preserve democracy are until this day, words by which legislator...
Today, in the contemporary United States, there are many different influencers to a person’s health, such as poverty and/or unemployment. However, education is the most important influence on health because without a good, thorough education, people are less likely to have access to health care, be able to afford health care and they are more likely to live shorter lives. A lack of education makes poverty and unemployment more likely, which obviously have a negative effect on a person’s health.
Colleges and community colleges have their share of faults, and these three writers express what should be done to repair the broken system; if Carey were to attempt upholding his view that for-profits have their place in education, the result would be complete annihilation. Yes, for-profits benefit those who reap gains from the system, but Hacker and Dreifus and Addison would tear apart this view with the true meaning of education. Educated graduates with jobs that help create a better society are essential to the function of societies all over the world; therefore, colleges exist for the purpose of producing these graduates capable of making a difference. Students need education—students are the purpose of education. Although Carey’s claim—the government should not interfere with the success of for-profit owners—has integrity, Hacker, Dreifus, and Addison all believe that it is not in the right place. In their view, for-profits have no value to anyone but the owners. In sum, Carey would be shut down with the reality that an education system with the central purpose of earning profit does not value providing an education that benefits both students and society—the main focus is money. In turn, what is available could hardly be considered an education, according to Hacker, Dreifus, and Addison. However, the marketing scheme of for-profits still successfully entices people to enroll by offering accessibility with quick and easy degrees, which would infuriate Ungar and
"Should Higher Education Should Be Offered to All for Free?" The Premier Online Debate Website.N.p.,n.d. Web. 07 Jan. 2014.
Free education allows everyone to study but with low intensity or levels of education. For example, governments with low incomes would not have enough money to employ professional teachers or provide students with all the technological equipment necessary in their studies; it is too expensive. In addition, with free education, the number of students will be impressive. It is important to emphasize that education is not the only responsibility that governments have. They also economically support other public institutions. According to OECD (2008), the major challenge for countries is to secure sufficient funding levels to enable tertiary education institutions to meet the growing expectations of society and respond to the growing demand by students. However, education without cost allows people the same rights and opportunities necessary to the development of an educated society with moral and ethical
Rich people assume that College is important, but it is not a one way ticket to success, and happiness. However, Middle class people believe that education is important to be successful in the future. Education for middle class student is an important tool that is applied in the modern world to succeed, as it reduces the challenges, which are faced in life. “With nearly half of the nation 's undergraduates enrolled in community colleges,…….are playing an increasingly important role in higher education.”(David Hosansky). The information gained through education allows individuals’ future life to be optimally utilized due to training of the human mind. This eventually opens doors of opportunities for individual to achieve better chance in career growth. Education has played a major role in the modern industrial world. “This is attributed to the fact prospective employees must be qualified adequately to perform various tasks effectively.”(David Hosansky) Industries entail resources that are sufficiently equipped with the modern technology to suit the needs and wants of the society. This makes education to become a norm for services in all industrial