From the Ayn Rand Institute:

With the 2004 presidential campaign heating up, the permanent debate over how to improve a failing public education system comes to the forefront again. As usual, the proposed solution from both parties is to throw more money at the problem, says Dr. Andrew Bernstein, a senior writer for the Ayn Rand Institute.

Dr. Bernstein, a public school teacher, notes that concerned parents are trying to improve their children’s education by sending them to private schools. But this forces them to pay twice for education—they’re taxed to support government schools and they must still pay tuition to the private school. The solution to this unjust financial burden, Bernstein observes, was proposed thirty years ago by Ayn Rand: tax credits for private education.

Dr. Bernstein notes that though Ayn Rand properly opposed both government-controlled education and a confiscatory tax system, she proposed tax credits as one small step toward freeing and therefore improving education.
Such tax credits would require the government to reduce an individual’s tax burden to the extent that he spends money on education (his children’s or his own). Parents must still pay for education—but this gives them a choice: send their children to failing government schools and pay taxes in full—or pay tuition for a private school, with funds saved from their taxes.

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