Question

In: Economics

Does the government sufficiently fund K-12 education through property tax? Why or why not? (75 -...

  1. Does the government sufficiently fund K-12 education through property tax? Why or why not? (75 - 100 words)
  2. Should the government support higher education at a greater level than it currently does? Why or why not? (hint: you must reference spillovers in some manner within your answer). (100 - 150 words)

Solutions

Expert Solution

K- 12 education meaning from kindergarten untill the 12 standard education and Public Schools in America provides this Basic Education.This is a Fundamental Right of every children so this is provided by free of charge by the state. Funding for these public school provided through mostly from Local property taxes. Local govt allocates funding for public school from the revenue generated by property taxes and other means.Due to varied revenue throughout the local communities education funding suffer from in inequality where one area have excessive funding and other are lacking resources for basic support.so for eradicate this inequality ,we should adopt statewide revenue model .

If we come to higher education, then the problem seems even more acute. The cost of higher education increasing dramatically in recent years , it is becoming unaffordable for middle or lower class and students find himself in debt trap . It is important to go college because higher education helps us to understand the world , it helps to get career and good job, highly educated workforce had essential for growth of the country and effect of this spillover to the larger community by eradicating poverty , spreading awareness and creating opportunities for others.So government should increase their support to higher education because it is education which can change any country's fortune. So many students can't afford to go college , many of these students have amazing talent that can change our lives , they could help on the advancement of technology , medicines , agriculture , food processing , and research works , effect of this change spillover in whole world . So government should support the colleges , should develop infrastructure , should pay fees and other expenditures of needy students and promote higher education .


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