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by Jabanga
3348 days ago
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How redistributive were public schools 100 years ago, when they were almost exclusively paid for by local taxes within communities where people had very similar levels of income, and when education spending as a share of GDP was miniscule compared to today? I would argue that the harm of redistribution has historically been more than counterbalanced by the accelerating rate of technological innovation, but that the last 40 years suggests that the growth of the harmful effects of welfarism are starting to outpace the accelerating natural-rate of innovation. That's what GDP and income growth figures would suggest to me. Also the explosion in single parenthood. |
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So don't just write off publicly subsidized education as wealth redistribution!