Comments on: UBC hands out $11.8M in interest-free mortgages to admin, faculty http://ubcinsiders.ca/2013/01/ubc-hands-out-11-8m-in-interest-free-mortgages-to-admin-faculty/ Separating the wheat from the chaff. Wed, 13 Nov 2019 15:50:57 +0000 hourly 1 http://wordpress.org/?v=3.1.2 By: hotsoup http://ubcinsiders.ca/2013/01/ubc-hands-out-11-8m-in-interest-free-mortgages-to-admin-faculty/comment-page-1/#comment-11633 hotsoup Mon, 07 Jan 2013 00:19:30 +0000 http://ubcinsiders.ca/?p=9664#comment-11633 This is what the University exists to do, dramatically put out there. It exists so that the Dean of the Faculty of Law and other hyass muckymucks can live large on the backs of everyone else---and sometimes they "teach classes," too. The University is a machine designed to extract wealth and subservience from its victims, for the benefit of the aforesaid muckymucks. Everything else it does is purely incidental---and for the last forty years or so they have pursued this agenda, especially with respect to student subservience, with unbridled enthusiasm. So should it surprise anyone that given how asleep at the switch the students are, they're now giving themselves interest-free loans? This is what happens when the foxes (employees/jobbers) guard the henhouse instead of the hens (students). This is what the University exists to do, dramatically put out there. It exists so that the Dean of the Faculty of Law and other hyass muckymucks can live large on the backs of everyone else—and sometimes they “teach classes,” too.

The University is a machine designed to extract wealth and subservience from its victims, for the benefit of the aforesaid muckymucks. Everything else it does is purely incidental—and for the last forty years or so they have pursued this agenda, especially with respect to student subservience, with unbridled enthusiasm. So should it surprise anyone that given how asleep at the switch the students are, they’re now giving themselves interest-free loans? This is what happens when the foxes (employees/jobbers) guard the henhouse instead of the hens (students).

]]> By: RicardoB http://ubcinsiders.ca/2013/01/ubc-hands-out-11-8m-in-interest-free-mortgages-to-admin-faculty/comment-page-1/#comment-11588 RicardoB Wed, 02 Jan 2013 20:18:11 +0000 http://ubcinsiders.ca/?p=9664#comment-11588 Were mortgages that have been fully paid not included, or (more likely) that almost no one has paid more than a pittance since the tax paid on the interest-free value is less than the net income if reinvested? Were mortgages that have been fully paid not included, or (more likely) that almost no one has paid more than a pittance since the tax paid on the interest-free value is less than the net income if reinvested?

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