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We need an overhaul of the school finance system, with reforms ensuring a larger role for the federal government. In light of the concerns outlined in this report, policymakers must think differently both about school funding overall and about school funding during recessions. Public education is a public good, and as noted in this report, one that helps to stabilize the entire economy at critical points. Therefore, public spending on education should be treated as the public investment it is. While we leave it to policymakers to design specific reforms, we recommend an increased role for the federal government grounded in substantial, well targeted, consistent investment in the children who are our future, the professionals who help these children attain that future, and the environments in which they work. To establish a robust, stable, and consistent school funding plan that supports all children, investments need to be proportional to the size of the problems and to the societal and economic importance of the sector.
Economic Policy Institute: Public education funding in the U.S. needs an overhaul - How a larger federal role would boost equity and shield children from disinvestment during downturns.
It's a lengthy detailed Report. It begins with a short summary which can be read quite quickly. I would urge posters to read the summary before posting. That way, you'll understand why this proposal makes sense.
This is logical. We have a system where education is highly dependent on family wealth. That needs to change.
We cannot blame the poor for making bad decisions when we have made the bad decision to provide them with a second hand education and expect them to compete in a world where others get a first rate education.
We should raise taxes on the rich and create a first rate education system which is available to everyone.
That would make America greater, a likely end up reducing the relative costs of police, courts, prisons, and health care. It would result in a greater proportion of the populace being productive, and it would raise the GDP. That would make us more able to lower the debt/GDP ratio.
It would also lower property tax because less of it would be needed for education.
And it would reduce the economic impact of recessions.
It is a good idea; with no immediate downside. But I'm sure our right-leaning friends will have something to say about that.
Bring it on.