Thursday, November 30, 2006

How much is your future worth?

A 19 year old college student from Anaheim Hills,California has put his future up for bid on Ebay. In August 2006 Ron Steen put himself on Ebay to pay for his college education, offering 2 percent of all future earnings to the highest bidder, with a minimum $100,000 bid. Ron Steen claims that he will earn "way more" than $125,000 a year until he turns 65, at which point his investor would break even on a $100,000 investment. Ebay has pulled the auction off the site and many other bloggers have noted many spelling errors in his ad. So this brings up the question "How much is your future worth?" Is it reasonable to say that you can make enough money a year to pay back your investtors? It seems to me that these days college is becoming more of a business transaction instead of the transaction of life.

2 comments:

yangdi said...

First of all, we should make sure that such an auction is legal. I strongly suspect the validity of the auction, and maybe that is the reason why it was pulled off. But after all, it truly gives out an interesting issue, an investment on human. I think to make the decision, we have to know that student personally, and just obtaining some information through the internet is definitely not enough. Of course, everybody has his or her own value different from each other, so it very hard to make a fair judgment.

Lyncee said...

College is definitely a business transaction. As long as you pay the money, you will be able to attend that college. Just like any other organization, the main goal is to make profit. In today's society, many people and businesses forget the real meaning of their job, and instead focus on making themselves successful. Self-interest is just part of the world today.