We’re pleased to see movement in this direction from Jindal. We are even more pleased to see that the fight against crony capitalism is becoming a vital issue which candidates feel they must address in the upcoming 2016 election.
This issue at hand is not really an issue of segregation, which is bad for society and for students. It is about power. Vouchers give power to parents and take it away from failing school systems. The teachers’ unions and teacher interest groups feel that widespread use of vouchers will undermine their monopoly of schools, especially in under-preforming areas of the country. If competition is kept at bay, then “education” interests, teachers and administrators get to keep their jobs. They fear a mass exodus to better (private) schools.
Here is what Business Week writer Brendan Greeley tells us about the effect of personal taxes on our economy: “Economists have known for a while that personal marginal tax rates, and in particular those on the rich, don’t seem to have much of an effect on the economy.”