From: Mitchell, Jerry (3337) (Jerry.Mitchell@esavio.com)
Date: Wed Aug 22 2001 - 12:23:26 MDT
> "I'm no fan of public education. Particularly the LAUSD and
> I'd rather eat
> worms than send my kids to public school in L.A. But there
> is a *large*
> segment of society that cannot afford to pay for the
> education of their
> kids."
> Michael
Private education isn't affordable for everyone at this time because:
1. You already are paying for it through taxes, therefore you don't have it
to put to private schools.
2. If private schools were the norm, there would be many grades of schools,
from the ivy league expensive schools to the moderate but adequate
"wal-mart" versions that would carry most the students. Considering
economies of scales, I would estimate that if public schools went away, and
after the market stabilized in a few years, your taxes may drop 10-15
percent (in theory) and the cost of the average private school to be about
2k-5k per year. IMOHO. Pretty reasonable when you factor that price being
able to be paid over the entire year and with your increase of income from
lower taxes.
This sound too far off base to any of you supply siders?
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