ABC News: Billionaire to Pay Kids to Skip College

[alp227]

Run time: 02:40 https://www.youtube.com/watch?v=P1SKBlIBnOI   Posted on YouTube: May 27, 2011 By YouTube Member: ABCNews Views on YouTube: 156   Posted on DU: May 27, 2011 By DU Member: alp227 Views on DU: 2488

 
PayPal cofounder Peter Thiel knows a thing or two about finding the next big thing.

Thiel was the first investor in Facebook and predicted the dotcom crash and the housing bubble. Now he believes the next big thing to burst is higher education, and he's willing to put his money on it.

"Learning is good. Credentialing and debt is very bad," he said. "College gives people learning and also takes away future opportunities by loading the next generation down with debt."

The 43-year-old with a net worth of $1.5 billion recently started a $2 million fund to get college students younger than 20 to drop out of school and start a business with $100,000 each.

Full: "Facebook and PayPal's Peter Thiel Pays College Students to Drop Out"

Wikipedia: Peter Thiel

[defendandprotect]

1. Latest in rw propaganda to destroy education for the many --

we already have problems however with people be educated, not for their own

benefit, but for the benefit of corporations --

Too much of that!!

Colleges and Universities are too closely allied now with MIC and weaponry, for another!

They're all pretty much been corporatized!!

[alp227]

2. I read his Wikipedia article and he's a libertarian Ron Paul/Meg Whitman supporter

could that be a motivation for how he thinks?

But some of the most successful entrepreneurs (Bill Gates, Mark Zuckerberg for example) didn't even finish college. And other successful people like LeBron James, and many in the movie/music industry have usually at most a high school education or partial college education.

[Confusious]

5. Bill Gates got his daddy to pay for his business

And stole all his ideas, from cp/m on.

So did Mark Zuckerberg.

If you have no morals, then college isn't necessary.

[Butch350]

6. what other people do is their business not yours.

[Confusious]

12. Really, does that apply to Republicans too?

If a politician steals, is it none of my business?

If wall street steals, is it none of my business?

If a corporation steals, is it none of my business?

I think it is, because it tells me whether I want to do business with that company. Which I don't.

If someone says "pull yourself up by your bootstraps" while collecting their money from a trust fund, is it my business?

I think your statement was one of the stupidest I've heard in a long time.

[defendandprotect]

9. Agree -- and knowlege/systems don't begin in colleges/universities but from OUTSIDE of them!

What you point out about those who like Gates have no "papers" is something not

much discussed -- but all knowledge is developed outside of schools/colleges/

universities -- whether languages, or math, art, music or any other subject --

and the purpose of education should always be for the personal benefit and enrichment

of the individual.

Not the way corporations want it, however, and they'd had little helpers in Congress

who think that our education system should simply turn out little robots to serve

corporations. Corporations used to train people to do the jobs they wanted done --

now they want our schools to do it for them!

[davidpdx]

4. I agree with you

This seems like a corporate buy off..

[defendandprotect]

11. Notice the discussion of the education "bubble" -- too many educated people around!!

They want to once again limit higher education to the few -- so only the

few rich will have "papers" authenticating them!

But, of course, they don't want to say that --

Otoh, they are also making college so expensive that many now will not be able

to buy those "papers" -- !!

Our education system has been corporatized at the highest levels -- and now they're

working on destroying all of it at elementary and high school levels --!!


:)

[TlalocW]

3. I'm 39 and thinking of going back to get another degree...

Will he pay me $100,000, which I'll put into my side business to grow it?

TlalocW

[JDPriestly]

7. And we get rich idiots throwing lots of money at ignorance.

Discussing Ulysses and Chaucer and Shakespeare in a class full of smart people develops a person's ability to understand what it is to be a human and how to think critically.

At this time we have a lot of very rich idiot savants who understand computer codes and price charts but do not understand language, know nothing about history and human experience beyond their own mundane lives. They might as well be members of a tribe in the Amazon for what they know about the world beyond their computers and their bank accounts.

They are fools.

[defendandprotect]

10. +1 -- "When you educate a fool what you end up with is an educated fool" -- !!

[EnviroBat]

8. Wow an Electric Car and Solar Panels!

How original! Jesus Christ, I wish I'd thought of those things. I weep for the future when college age people are all busy stealing ideas and marketing them as their own. And Zuckerberg can go suck a butt. Nothing the fucking guy did was original.

By all means, drop out of college. Re-hashing others inventions doesn't require an education.

[Crowman1979]

13. Hey Thiel! Why don't you pay for their tuition so they'll have a future?!?!?

Either give it, or have the youth run congress and take it. Those are your options you rich PIG!!!