Tax Guru-Ker$tetter Letter
Wednesday, April 24, 2002
Dumbing Down the Sheeple
The government controlled education establishment has been hard at work for the past few decades at ensuring a steady supply of brain dead morons who will easily take their marching orders from their superiors in the media and the government. As this story about the financial knowledge of high school seniors shows, their dumbing down agenda is right on schedule. The fact that financial ignoramuses are already rampant throughout all areas of our society should come as no surprise to anyone. Here's another summary.
I was going to say that these students shouldn't look for careers in the accounting profession; but realized that some of them just might become CPAs. My understanding is that the CPA exam, which was two and a half days of essays, calculations and multiple choice questions when those of my generation took the test, is also being dumbed down. Adapting to the poorer writing and communication skills of the current crop of college students, the test is being converted to all multiple choice. The Enron - Arthur Andersen debacle will look like nothing in a few years as the new breed of CPAs permeate the financial world.
KMK