Government fronts the money for the education of 90% of the citizens.
Government offers everyone, that is willing to accept government control of their child’s education, a government funded education. Roughly 90% accept that funding and control. Everyone, whether funded or not, pays back that investment in taxes the rest of their lives.
Haley2024’s reforms will have similar investments, payments and retirement, however in the free enterprise system. Investment houses could help fund education during a child’s education years with long term repayment terms during a citizen’s productive earning years. During those earning years, they save for their own retirement.
Since 90% of people were educated by government, thus had the money invested in their education, they still need to payback the investors, in the form of taxes. The 10% of those that did not have government funded education, should be excluded from that repayment tax because because government did not invest in them.