From: phil osborn (philosborn@hotmail.com)
Date: Sat Oct 16 1999 - 23:33:01 MDT
>From: Dan Fabulich <daniel.fabulich@yale.edu>
>Subject: Re: Reforming Education
>Date: Mon, 11 Oct 1999 11:16:17 -0400 (EDT)
>
>'What is your name?' 'Bryan Moss.' 'IT DOESN'T MATTER WHAT YOUR NAME
>IS!!!':
>
> > Anyone who wants to make a long-term investment.
>
>You appear to be missing the point. Suppose I'm a parent, who wants to
>make money off of giving my child an education. Suppose I go ahead and
>invest. Who will pay me for having done so? My kid? The state?
Suppose it became a standard practice in society for people to "incorporate"
(actually, I much prefer the Massachussetts Trust structure), like David
Bowie. Suppose that your ability to get a loan was tied predominantly to
your personal shares' value. Suppose that your general credibility was tied
closely to how valuable people found your shares.
Then a parent could set up such a trust in their child's name, with the
parents as primary trustees until the child was competent. The child, of
course, could not legally be held to such a contract, but the advantages
would be obvious. How else would he get a loan? A job? Etc. The parent
would pay themselves in shares for raising the child. Perhaps the parents
might attempt to take too much. The child could later issue more shares,
but only of course at the cost of diluting the value and perhaps frightening
off potential investors.
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