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by Jabanga
3349 days ago
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It is a component of child-rearing. Forcing people to pay for the education of other people is redistributive. If it's truly an investment, we could let the student loan market handle it, since the returns (in increased income) exceed the costs. As for social benefits, I believe the negative effect of encouraging people to have children when they're not capable of personally supporting them, and of reducing the incentive to be productive, outweighs the positive ones. Before the era of government education, the level of education in society was improving steadily. I don't see history suggesting that society, left to voluntary relationships and income distribution, enters into a downward spiral. |
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Student loans? I'm talking about primary and secondary education, not college education. I'm assuming you aren't talking about privatizing those and using students loans to funding things, right?