Saturday, January 22, 2005

Education Inflation by Neal Zupancic

Neil Zupancic makes the case that government subsidies have cheapened the value of a college education.

"... the Village Voice just ran a series of articles called Generation Debt... What they tell us is that college graduates have over $20,000 worth of debt on average and have difficulty finding a job that will allow them to pay off those debts. In other words, college education (for these people) costs a lot and gives little monetary return...

"Flooding the market with supply in the absence of demand creates a surplus, which drives down prices – in this case, salaries... this is a prime example of an investment turned sour by State intervention.

"The public education movement has decreased the quality of education consistently while also increasing its price. Education continues to eat up more of our tax dollars while producing students who have actually learned ever less and less...

"The answer to this problem is clear. The first step is to pull all government, which is to say, taxpayer, money out of college funding. Auction off all state colleges and Universities – state governments are not accountable enough to run them properly... A college education should be seen as a luxury, not a right or necessity...

"Everyone would be more wealthy and prosperous since they wouldn't have to pay taxes to support education anymore. And education would be a valuable commodity, not a rubber stamp of State approval."

Education Inflation by Neal Zupancic

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