Well, it’s about time. New York State Comptroller Tom Dinapoli and the state education department head, Betty Rosa, have proposed financial training courses for high school students.
We think it’s long overdue.
We’ve never been fans of Rosa, who is an ultra-leftist lightweight running our educational system in New York. She has presided over a diminution of standards, the closing of our schools, and the injection of a racist, woke curriculum foisted upon our kids. But in this case, we have to give kudos. We’ve always wondered why kids are thrown out into the real world without any conception as to money matters.
Wouldn’t it be wise to let them know what compounding interest is? Store a little in a bank account or buy a small index fund and watch it grow exponentially over the next two decades while you’re not looking. Understand that getting into credit card debt can destroy your ability to ever get ahead or your ability to borrow money in the future to buy a house, a car or start a business.
These seem like commonsense basics, but, unfortunately, many only learn these lessons the hard way, after decades of going down the wrong path. So let’s hear it for a good idea.
File this under: You can’t make this stuff up.
A report was recently issued suggesting that congestion pricing, which was intended to significantly mitigate traffic congestion in New York City, will actually wind up clogging our roads even further, while spanking commuters (man6 from Long Island) with an awful, regressive tax.
Blame the eggheads in city and state planning for thinking they knew better, and would be able to save the planet and mitigate gridlock by implementing congestion pricing (which penalizes motorists for driving into midtown Manhattan).
But so many people with common sense understood that it would just redirect traffic to the free bridges thereby clogging up traffic in those areas.
This is a case where everyone loses, except for the bureaucrats, who get to extract more of our hard-earned money.