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Culture War Roundup for the week of August 14, 2023

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I believe almost every libertarian thinks a smart poor kid should be provided with an education.

There are methods of obtaining education that do not depend on property taxes. For example, income-based repayment income-share agreements (selling a share of all your future earnings to the school [note: link changed]) presumably could be extended all the way down to kindergarten.

That link says "sure there are problems with it, this is a book after all so it has to show problems, but it could work out" without stating how to solve the problems.

Better link

An income-share agreement (or ISA) is a financial structure in which an individual or organization provides something of value (often a fixed amount of money) to a recipient who, in exchange, agrees to pay back a percentage of his income for a fixed number of years.

That's not convincing. It doesn't even cover the most obvious flaw, which is that procedures that are no problem for corporations are big problems for individuals because they don't scale down; a corporation can afford having a corporate lawyer on call, while just the threat of a lawsuit can be ruinous to an individual. A corporation can also go bankrupt; would an individual going bankrupt void the agreement?

It also claims

However, advocates of ISAs contend that since students have no legal obligation to work in a particular industry, and since it is illegal for investors to pressure them into a certain career, students are no more “indentured” than those with a student loan.

But the whole point of the scheme the way it's presented in the first link is that investors can make you act in financially beneficial ways. To the extent that that actually alleviates the problem, it also makes the scheme not work at all.

To be clear, I provided the first link only because I couldn't remember what the real-life version was called. I'll remove it now. Just ignore it and focus on the second link.

That version still has problems. For one thing, it's about college, where people can make informed decisions to take on debt. Elementary school students can't. For another, that version only requires that the system be no worse than student loans. But student loans for elementary and high school would be horrible.

Kindergarteners can't meaningfully agree to give up their future earnings

Kindergarten isn't education. It's a daycare service.

Schooling is a service. It needs payment. Private schooling is way more efficient already, and the funds gained from cutting education taxes would certainly provide more of a service for the average "poor" family.

Can't afford an education as it stands but know that it will help you monetarily long-term? Take out a loan. The current issues of student-loan stem from the governments mismanagement of state-assigned loans, which were in of themselves a mistake.

A parent is the trustee/owner of his child. Therefore, he is empowered to sell to the kindergarten a share of that trusteeship/ownership.

In the unlikely event that the child disavows the contract with the kindergarten when the trusteeship is terminated (whether at adulthood or at some earlier date), the parent is obligated by the same contract to repay to the kindergarten the lost expected value of the child's future earnings.

If the child can disavow the contract before they ever have to pay it never meaningfully existed. This is just the parents taking out a loan and hoping the child will eventually help them pay it back

That just ends up becoming parental debt. What person at 18 years old isn’t going to repudiated the debt on the grounds they didn’t consent?

And the entire point of the income share program is to get around the parents not having the money. So the debt going back to the parent has a value of zero.

We’ve known for a while that income share programs don’t work in practice because of negative selection effects. Engineers and financially stable don’t take them.