For more than a century, the K-12 education system in the United States has been monopolized by poor-performing government-run public schools that have little to no competition because the education funding method is fatally flawed. Fortunately, one of the few silver linings that has emerged from the COVID-19 pandemic has been a surge in support for school choice and the enactment of a more market-driven approach to education funding: universal school choice via vouchers, commonly called education savings accounts.
Universal school choice is a long-overdue reform that has gained momentum in recent years. Unlike the antiquated system in which state and local governments collect taxes for education and then distribute those funds directly to public schools, universal school choice distributes education tax dollars directly to parents so that they can choose the school that best fits the unique learning needs and circumstances for their child.
This is a superior education funding process compared to the status quo because it introduces market forces, principally through competition in the education marketplace, which has been sorely lacking for far too long. It also leads to…
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