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Why Public Schools in Particular Will Suffer in the Future Last updated: Friday - April 11, 2008 A central argument of "Fertilizers, Pills & Magnetic Strips" is that public institutions will continue to suffer declining support in the future because an aging, financially pressed white middle class, holding political power (AARP is the strongest lobby in the US) will vote down such support. This strangling of public services will hit K-12 education particularly hard for one simple reason. K-12 schooling is largely dependent on property taxes. Retired people have small incomes, 85% of their Social Security payments are federal income tax exempt, but they own houses that rise in value. Hence, property taxes are felt as a burden. Send a Message to the Author RSS |
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