Tuesday, May 22, 2012

Another Break For The Wealthy.

Have you heard of the newest innovation in education? Well in some states, you can make a donation to a private school, up to $2500, and get a tax credit up to that amount. That way needy children can have a chance for a better education at a private school. Not a bad idea. Now a smart kid that doesn't have the funds to attend one of those top rated private schools can get into that great school and perhaps someday become a job creator. Just one small problem. Private schools have figured out that they only have to earmark a small amount of money towards needy students. The rest they can funnel to the child of the family that made the donation. That family can also get friends and even their company to channel funds to the school in the same way and get the same tax break. Does this surprise you? I mean that a wealthy family would take advantage of a tax break and a scholarship, which is intended for a poor child, and accept it for their own child. It's what the rich don't like called class warfare. I mean the mention of it they like to call class warfare, but the doing of it, that they don't want called class warfare. See there's a big difference in talking about something and actually doing it. The doing is pro-active, but the talking is class warfare. I already told you that. I think the problem wealthy people have with the talking is that the law might get changed and then if they donated the $2500 they wouldn't get to take advantage of the scholarship. And that would be just like a tax. But one they wouldn't have to pay. Come to think of it, why don't they like the idea of a tax they don't have to pay? I suppose it's a tax they're afraid could become a tax they will have to pay. The real problem is all the worry about the wealthy and how they feel about how that money will be spent, and the fact that nobody's worrying about the poor student. After all, that was the purpose of the law in the first place.

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