FG and Graduate Tax

PomBear

Is there benefit to this?

Third Level education cost €2 billion and it's already impossible for many to afford college.

With what happened in Australia with the Graduate tax, why do FG think this is a good idea?

ilovesleep

PomBear wrote: »

Is there benefit to this?

Third Level education cost €2 billion and it's already impossible for many to afford college.

With what happened in Australia with the Graduate tax, why do FG think this is a good idea?

What happened in Australia regarding that graduate tax.

oppenheimer1

A graduate tax won't work simply because graduates will leave. It will have to be fees or loans but a tax will simply pass the burden on to a smaller pool of students. Considering the FG central line is competence in economic affairs is a bizarre policy. It will only send more graduates away - to never return.

Killer Pigeon

Cue Right Wingers ..... now.

PomBear

ilovesleep wrote: »

What happened in Australia regarding that graduate tax.

Graduates thought feck this and left instead of being burdened with this tax

ei.sdraob

PomBear wrote: »

Graduates thought feck this and left instead of being burdened with this tax

Leave where? arent our graduates leaving in droves for Australia anyways...

Monty Burnz

This is the bit where we have massive recriminations and everyone hates FG because they have to raise taxes. Why do they have to raise taxes?

Because everyone* voted for FFailure for 12 years or so and now we are goosed.

*well, not everyone, but enough to make them the biggest party.

PomBear

ei.sdraob wrote: »

Leave where? arent our graduates leaving in droves for Australia anyways...

well at moment there are 100,000 graduates unemployed, 5,000 leaving every month, so yeah they go to Australia. Who are openly looking for graduates to immigrate, why?
Well one of the reasons was because all their native graduates left!

PomBear

Monty Burnz wrote: »

This is the bit where we have massive recriminations and everyone hates FG because they have to raise taxes. Why do they have to raise taxes?

Because everyone* voted for FFailure for 12 years or so and now we are goosed.

*well, not everyone, but enough to make them the biggest party.

Because FF were awful doesn't give FG free reign to do anything they like!
Their economic policy is pretty poor and i'm questioning it and not just saying " they need to do this because FF were sh1te!, durrrrrrr"

Also raises the point that FG legitimacy goes as far as they're not FF.

ei.sdraob

PomBear wrote: »

Well one of the reasons was because all their native graduates left!

You didnt answer the question, where did they (the Australian graduates) leave? and what is your source while you are at it

ilovesleep

PomBear wrote: »

well at moment there are 100,000 graduates unemployed, 5,000 leaving every month, so yeah they go to Australia. Who are openly looking for graduates to immigrate, why?
Well one of the reasons was because all their native graduates left!

Countries playing pass the parcel with graduates.

I think a graduate loan would be better than a graduate tax.

PomBear

ei.sdraob wrote: »

You didnt answer the question, where did they (the Australian graduates) leave? and what is your source while you are at it

well they left Australia:pac:


http://www.idebate.org/debatabase/topic_details.php?topicID=115

small bit on it here

randomhuman

Monty Burnz wrote: »

This is the bit where we have massive recriminations and everyone hates FG because they have to raise taxes. Why do they have to raise taxes?

Because everyone* voted for FFailure for 12 years or so and now we are goosed.

*well, not everyone, but enough to make them the biggest party.

Nothing wrong with more taxes really, but they have to be taxes that make sense. A tax that encourages educated young people to leave the country does not make sense.

You're right to place the blame with FF though. It seems like everything they've done since the crisis began has just been about propping the country up enough so that the ultimate disaster will happen on somebody else's time. I mean listening to them talk at the moment they already sound like they've never had a chance in government before!

Dave!

Is there anything a bit more solid on graduates leaving Australia than the link posted? "Is this why so many young Australians leave their native land to work elsewhere?" -- not very convicing. Has it been established that this is one of the main reasons why they leave? And don't they return? I woulda thought that Australians were just backpacking for a few years before coming home.

When the graduate tax was explained to me in Oz, I thought it was a great idea. Good way to unburden the exchequer of the costs.

PomBear

Dave! wrote: »

Is there anything a bit more solid on graduates leaving Australia than the link posted? "Is this why so many young Australians leave their native land to work elsewhere?" -- not very convicing. Has it been established that this is one of the main reasons why they leave? And don't they return? I woulda thought that Australians were just backpacking for a few years before coming home.

When the graduate tax was explained to me in Oz, I thought it was a great idea. Good way to unburden the exchequer of the costs.

http://lmgtfy.com/?q=australia+graduate+tax

Chucky the tree

How will this graduate tax cost a graduate? If it's asking people to pay back the €2,000x4 registration fee then I can't really see every graduate fleeing Ireland to never return so they can get off the hook for €8,000.

Sulmac

Chucky the tree wrote: »

How will this graduate tax cost a graduate? If it's asking people to pay back the €2,000x4 registration fee then I can't really see every graduate fleeing Ireland to never return so they can get off the hook for €8,000.

They want graduates to pay around one-third of the total cost of their course back, so the more expensive the course (for instance medicine or dentistry), the more they'll have to pay back. Payments don't start until they are earning a certain amount, though.

Does anyone know how/if Australia 'deals' with those who emigrate? Do they sell the debt to debt collectors abroad or just write it off?

eoinbn

Chucky the tree wrote: »

How will this graduate tax cost a graduate? If it's asking people to pay back the €2,000x4 registration fee then I can't really see every graduate fleeing Ireland to never return so they can get off the hook for €8,000.

More like €8000 a year than in total! I would assume it would be close to €30000 over a flexible period depending on how much one earns, 5-15 years.

People have to realistic, this money most come from somewhere. Gradutes will be taxed either directly, or indirectly by raising income tax as graduates earn more.
The talk of mass exodus is nonsense. If there is jobs good jobs people will stay and fill them.

PomBear

eoinbn wrote: »

More like €8000 a year than in total! I would assume it would be close to €30000 over a flexible period depending on how much one earns, 5-15 years.

People have to realistic, this money most come from somewhere. Gradutes will be taxed either directly, or indirectly by raising income tax as graduates earn more.
The talk of mass exodus is nonsense. If there is jobs good jobs people will stay and fill them.

What are these "jobs" you speak of?

Monty Burnz

PomBear wrote: »

Because FF were awful doesn't give FG free reign to do anything they like!

Yeah, but unfortunately I can see FF getting in again in 5 years or less because the public still don't grasp that just about everybody is going to get screwed over to some degree in the desperate attempts to balance the books in our new IMFFailure economy. FFailure must be laughing their heads off anticipating the excrement storm that is coming the way of whoever is running things for the next few years.

Ray Burkes Pension

You should all read the fine gael green paper on this. http://www.finegael.org/upload/file/3rdway.pdf

The contribution is 30% of the unit cost of the students’ education.

Joe has completed an Arts degree in 3 years. The accumulated cost of his degree programme was €38,000. His graduate contribution will amount to €11,400.

PomBear

Ray Burkes Pension wrote: »

You should all read the fine gael green paper on this. http://www.finegael.org/upload/file/3rdway.pdf

So this will in debt some of our youngest and brightest (would be way more than €11,400 btw) at a time they'll be looking to buy their first home.....more facepalm-worthy economics from FG

Ray Burkes Pension

PomBear wrote: »

So this will in debt some of our youngest and brightest (would be way more than €11,400 btw) at a time they'll be looking to buy their first home.....more facepalm-worthy economics from FG

Hopefully our youngest and brightest will have a bit more sense than their property obsessed predecessors.