Wednesday, December 12, 2007

Response to: Should you pay less for your education?

There have always been controversies with subsidies going into something so that it can get funded. The most common controversy is the one on giving subsidies to public schools and public universities. It is argued for schools to get funded because adults don’t want to pay so much money on something that they are a part of. But they a part of the school system as their children go to the schools in their local town and they need a good education for them to be successful in life. That is why education is so important so children and teenagers can learn about life, failures, success, and the courses in their school. Every person wants to live a good life and be successful so they are happy, with a good education that will come as they will be the best at what they have as a career. Without the subsidies from the taxpayers then there will not be a school system in place in a person’s community and there will be no education for the citizens of the town. For universities they need subsidies so that they can stay a college in the town and state that they are in. Also colleges need to keep their campus up to date and looking clean and appealing to people that go there and want to go there. They need subsidies to keep students going there and for students to keep coming in or they will have to stop being a college.

1 comment:

Minghua Li said...

1) Similiar to the gasoline tax one, you missed the big picture again. In this case, education has positive exernalities. Economists argues that whenever there is externalities, positive or negative, market failure will occur. Therefore government should intervene to make corrections. There are several solutions proposed. But subsidies for production/consumption with positive externality and taxes on production/consumption with negative externality are the most commonly used solutions to this type of market failure.

Please read Schiller chapter 4 so that you can fix your answer and write economic analysis.

2)Typos/grammatical errors to be fixed.

"But they a part of the school system";

"That is why education is so important so children and teenagers can learn about life"
(That is why education is so important THAT children and teenagers can learn about life;

"Every person wants to live a good life and be successful so they are happy, with a good education that will come as they will be the best at what they have as a career."(Every person wants to live a good life and be successful so THAT they are happy. With a good education that will come as they will excell at what they have as a career.: be the best is too judgemental and it is not necessarliy the case. Neither Bill Gates nor Michael Dell completed their college education)

"Also colleges need to keep their campus up to date and looking clean and appealing to people that go there and want to go there" (ill sentence structure;changes needed)