In: Economics
Should governments subsidize education? Should governments operate our schools or should schools be run by private businesses?
This is my answer
In my opinion government should not subsidize education. The reasons are that subsidy programs often lead to wasteful spending and abuse. Some schools and colleges used federal funds for extraneous purposes, such as stadiums and swimming pools, and there are others that increased tuition rates charged to veterans. There were also instances of outright fraud by schools that targeted to garner extra federal funds. Moreover when considering educational subsidies, one must think about fairness. The subsidies paid for by taxpayers will gain those people who are expected to earn higher future incomes because of the subsidies on advanced educations. As a result the effect of subsidies, in partial is to tax blue collar workers who do not attend college to pay tuition for future white-collar professionals. However the question arises why should the government subsidize future high earners at the expense of average working individuals?
I feel the federal government should manage the education institutions with the use of its stronger financial situation. The overall motive of the government should be that school sector authorities in each state have sufficient recurrent finance to provide all of their students the similar opportunity to achieve minimum performance standards at each school level, thus justice to access equal education for all children. It is important to monitor average sector student performance and then to do research on the reasons for school sectors that are slow to improve to ensure that corrective actions can be taken
Thank you...