Education is a very important thing for society to be spending on, but in the United States it seems that we are spending more and getting less. In addition, the way it is funded through local real estate taxes means that some young people get all the luxuries while others barely have enough books and desks.
Educational spending in the United States is way too high, especially in areas that have poor tax revenue. These areas, often blighted, are soaking up the same amount of tax dollars as areas that pay high taxes. Money should be pulled out of these low-performing and low-paying locations to reduce educational spending in our country.
The United States (US) spends 7.3% of it Gross Domestic Product (GDP) on education, the second highest in the world behind Denmark. Despite the huge amount of money spent on education US student's performance ranks well below the average for the rest of the world. While the US overall spending in high it still ranks behind the world in wages paid to teachers. The US does not need to invest more money in education but rather access where it is spending eduction funds.
It is a sign that many mistake funding for education as a sign of the quality of that education. Just because an education is expensive doesn't mean that it is good. One can waste money on education just as much as one can waste money on a variety of other goods or services. Government is not particularly adept at spending money effectively either on education, and thus the best way for education to be spent in an accountable fashion is for the funding to be set by the community, not by those furthest removed from local needs.
Spending for elementary and high schools is typically relatively fine the way it is, but when it comes to seeking further education, it can be prohibitive for some people to pay for, leaving them in debt for years following their graduation. Colleges often have large campuses to pay for, athletic departments, etc. that need to be funded by students. These expenses are all very high, and end up raising the price of tuition.