http://crooksandliars.com/2014/10/nation-piece-spells-it-all-out-how-destroy
Daniel Denvir is the best reporter I've seen at pointing out the long
term strategies of schools privatization, and his piece in this week's
The Nation might be his best yet. I strongly urge you to read it all, because the issue is too complex for bullet points:
In 2010, State Attorney General Tom Corbett was elected
as governor, his political network heavily populated by advocates for
private-sector education reform. Backed by a conservative state
legislature, Corbett cut about $860 million from public education in his
first budget rather than tax the state’s booming natural-gas industry.
He also expanded Pennsylvania’s “voucher lite” programs, popular among
conservatives, which provide corporations with major tax credits in
exchange for donations for private-school tuition.
Let me remind you that the main reason we see hedge funders involved in
school "reform" is that they get a tax credit of 300% over ten years.
That beats the market. Take away that tax credit, and you'll be amazed
at how quickly the air leaks out of the for-profit schools' bubble.
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