As you may have noticed, we at the Independence Institute don’t like tax increases of any kind. We especially don’t like them during rough economic times. (Side note: Have you heard the good news yet?! Colorado’s unemployment rate is DOWN to 8.3%! Hooray?) The evidence is pretty clear. If Proposition 103 passes and we get a massive tax for the next five years, all of our jobs will be in jeopardy. Just like these falling dominoes over here. Aside from just losing around 11,000 jobs if we tax ourselves into oblivion, there’s also the education side to the argument. Prop 103’s proponents say the tax hike is “for the kids.” (What tax hike isn’t really?) But nowhere does it say that the money raised from Prop 103 must go to education. Remember all that Ref C money and where it went? Yeah, me neither.
Thankfully, Charlie Leonard of the Aspen Times wrote on the education side of Prop 103. He cited two important points: one, that the money isn’t guaranteed to go to education to begin with. And secondly, even if all the money went to education, that doesn’t mean OUTCOMES – the stuff that matters – would improve. Charlie writes,
According to the nonpartisan Independence Institute, “Americans have increased spending on K-12 education by 50 percent over the past 30 years, and doubled spending over the past 40 years. Educational outcomes, as defined by test scores and international comparisons, have barely budged. Some school districts such as those in Washington, D.C., and New York City spend the highest amounts per pupil and have worse outcomes than Colorado’s test scores. The neighboring state of Utah spends $2,700 per pupil less than Colorado and enjoys better outcomes.”
And there you have folks. There is very little connection between money spent and educational outcomes. It’s not as if the more you spend, the more our kids learn. Not even close. So why tax ourselves into despair for the kids nothing?