I keep hearing this. I have yet to find a teacher or a school district or a government employee or department or organization of any kind that didn't clamour for more more more funds.
We spend twice what we did in 1970's in real terms; results ... the same.
The reason schooling is hard to change - here in the US - is because the teachers unions and politicians work together to reduce hours, reliance on standards, eliminate "work" (homework isn't good for them!), and increase spend and pay. Government is incredibly inefficient at most tasks - on average things the government does cost twice as much - but it's incredibly terrible at education. Spending has increased - performance decreased ad infinium.
"Deep defense cuts. Since the 1980s, the Pentagon budget has fallen from 6% to 3% of GDP—not far above Europe’s target of 2%. Cutting U.S. defense spending to the levels pledged by European members of NATO would save 1% of GDP, or less than one-fifth of the Social Security and Medicare noninterest shortfall by the 2040s and 2050s."
Read the budget. Learn something. None of the partisan mantras solve the problem. The only solution is to trim ss, trim medicare, and raise taxes across the board.
Since the 1960s, revenue from total taxation as a percent of gdp is unchanged. Not also the difference in tax revenue between Europe and America stems mostly from policies that tax the middle class not the "rich":
The U.S. already taxes the rich—measured by both tax rates and tax revenues—at levels roughly equal to the OECD average. Yes, the other 38 OECD nations collect tax revenues that, on average, exceed the U.S. by 7.5% of GDP (at all levels of government). However, nearly this entire difference results from the other 38 OECD nations hitting their middle class with value-added taxes (VATs) that raise an average of 7.2% of GDP. And while the progressive avatars of Finland, Norway, and Sweden exceed U.S. tax revenues by 16% of GDP, that gap virtually disappears after accounting for the 14.5% of GDP in higher payroll and VAT revenues that broadly hit the Nordic middle class. Europe finances its progressive spending levels on the backs of the middle class, not the wealthy.[37]
This plan should be a must read for people from any spot along the American political spectrum.
Wow, so much negativity in the early comments. I've been in the space decades and there's at least 2-3 years of education to be gained here. Great piece, thank you!
People who believe they need big houses baffle me. It isn't priced right, and you can improve to flip or live and decide later. But why on earth would someone need a giant fucking house to be "happy".
allowing sub-penny executions by some effectively steals trades from risk takers on primary exchanges; it's horrible for market structure and depth. the sub-penny problem is a function of another insidious practice, payment for order flow. both should be banned.
We spend twice what we did in 1970's in real terms; results ... the same.