A Boring Dystopia

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The Origin of Student Debt: Reagan Adviser Warned Free College Would Create a Dangerous "Educated Proletariat” (theintercept.com)

submitted 1 day ago by return2ozma@lemmy.world to c/aboringdystopia@lemmy.world

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[–] Pieisawesome@lemmy.dbzer0.com 4 points 17 hours ago (1 children)

Man if they were worth that much, I would create thousands of them😂

[–] eugenevdebs@lemmy.dbzer0.com 3 points 17 hours ago

Fair. One of my many issues when Yang was running for the nomination back in 2020 was that he wanted the money from data being sold given back to the person it was taken from. Seemed reasonable.

But then people pointed out that the data is worth next to nothing, it's only worth something with millions grouped and bunched together. You and I alone are worth pennies, and that's on a good day. It costs almost nothing to gather the info and scrape and sell it, the hardest part is storing it for companies like Google and Facebook, as that can be a lot of storage.

So the idea that you'd get paid back for your data being sold is great, until you realize you as Data Number 495715953 were sold for $0.09 and got it as a check, it would cost more time and money to process that check than it's worth.