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. |