Taxpayer money should be used to invest in every child’s future, not prop up a failing system. That’s a simple plan that would create dramatic school reform.
As education analysts and reformers have known for decades and parents have found out since their children ended up studying online at home during Covid-19 lockdowns, those who teach in and administer government-controlled schools in the United States have proven that they simply cannot be trusted with the taxpayers’ money.
Writing at The Wall Street Journal, Jeff Yass, managing director and cofounder of Susquehanna International Group, notes the return on investment in the government-run education establishment has been abysmal: “inflation-adjusted [annual] spending in K-12 education has tripled since 1970 to a record $751.7 billion,” Yass writes. “Yet barely a third of all fourth-graders across U.S. urban communities can read or do math at grade level.”
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