"Wherefore We must interrupt a silence which it would be criminal to prolong, that We may point out...as they really are, men who are badly disguised." Pope St. Pius X, September 8, 1907, Pascendi Dominici Gregis


Saturday, February 19, 2011

There is No Reason for the American Public Education System to Exist

“According to the 2009 OECD figures, the US government spends more per pupil than any nation in the world except Switzerland. The US spent an average of $149,000 for the K–12 education of every 2009 public high school graduate. That works out to $11,461 per year or so.

So the solution is obvious: shut down the schools and invest the money instead. Just let the kids stay home and study on the Internet. Let’s even save some money to reduce the deficit, and only invest $11,000 per year. At 7% return, each child would have a $391,000 IRA when they’re 18. That way, even if they spend the next 50 years surfing or hiking the Appalachian Trail, they would all retire at 68 with $12,512,000 (assuming the same 7% average yearly return). This solves not only the education crisis, but the Social Security problem (they wouldn’t need it) AND the health-budget crisis (how much heart disease could there be, if everyone spent their time surfing and hiking?)”

Even without a 7% rate of return, these kids would be handsomely wealthy! Can you imagine if you factored in the savings of not going to college as well? And then, if instead these children worked during the time they'd normally have spent in school, even if it was in a minimum wage job, which is likely all they're going to get after graduation anyway! What waste!

So, as it turns out, Peter Thiel may be correct in his thesis that the flaws in our education system are the reason we’re not as rich as we should be.  And think, all those bums in Madison and the teacher that wrote this would have to get real jobs.

I’m a libertarian, but who on Earth would not consider a system where we just gave these children the $11,461.00 per year that it costs to create make-work for teachers, most of which haven’t even mastered basic logic, a superior solution?  Let’s see, welfare that forces you into the ideologically blind-folded, cookie-cutter schooling system, or welfare that enables you to live a prosperous life.  Let’s abolish the schools now!

3 comments:

  1. Just consider how much more efficient, entrepreneurial, and recipient friendly a system that began on this premise would be. At the age of 18, the state gives you a $149,000 endowment. Go to (a real) school (subject to market incentives), start a business, save it, or blow it. But no one could reasonably say America did not give you the opportunity to succeed. And then abolish social security, medicare and the whole range of safety-net programs. No more useless paperwork, no more bureaucratization of the education, medical and retirement savings fields, no more dependency, no more disincentive to work. Sure some people would go out and blow their savings, but if society held firm, these instances would only serve as example as to why this is not a wise way to live. (And don't tell me there aren't any welfare queens now, at least in this case it would be a one-shot affair)

    Budget balanced and debt problem solved. Society would retain all the incentives towards hard-work and thrift, and yet no one could say they were left out.

    This is genius.

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  2. Yeah, but when this would start and 50-80% of the uneducated 18 year old population, who would have been watching lolzcatz vidz and lady gaga for the past decade instead of learning basic math, reading and writing blows it on cars and shoes, and has no education then society would pretty much collapse, no future for the uneducated lolzcatz generation...wait a second, looks at web address, you sly dog

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  3. I find it interesting and ironic that the very example you use a society with "no education" that "would pretty much collapse" is precisely the one that you see around you today, which has resulted from our current education system:

    A society of children "who...have been watching lolzcatz vidz and lady gaga for the past decade instead of learning basic math, reading and writing blow[ing]" their parents' money "on cars and shoes, and has no education."

    So, as you say, then society would pretty much collapse, no future for the uneducated lolzcatz generation...wait a second, looks at Blog Archive article "Last Call Before the Collapse?" you sly dog...

    ReplyDelete