Friday Links

All private schooling engineers class inequality in an active kind of way over the long term, but in the short term, the effects are more subtle, and can be psychological: A number of studies have shown that living around kids who attend private schools entrenches an awareness of class difference among children from lower-income families before they are old enough to think critically about how money shapes our opportunities and even our emotional lives.

No amount of free scholarships can fix the flaws built into the private educational system; they are ethical camouflage in the form of human children. 

And education is not exactly a normal market, since no sane government would ever let it be fully privatized: That way lies straightforward plutocracy, as those familiar with European social history will know

At some point in this process, Bill became one of the advocates of what’s called Modern Monetary Theory, which makes the point that taxes don’t (directly) “fund” public expenditure. Rather, they ensure that the total demand for goods and services (for consumption and investment) don’t exceed the productive capacity of the economy, thereby generating inflation.

This reframing raises the question: does a Job Guarantee require higher taxation? The answer, using MMT reasoning, is “Almost certainly, yes”.

That doesn’t mean a Job Guarantee is a bad idea. The newly employed workers would be better off, and those already employed would get additional services in return for their higher taxes. But this isn’t a free lunch. As Oliver Wendell Holmes put it, taxes are what we pay for civilised society.

About Me

Developer at Brown University Library specializing in instructional design and technology, Python-based data science, and XML-driven web development.