GDP Yield Per Dollar in Education Spending

Permit me a chart that will probably go down in Cappy Cap history as one of my more important ones:



Now lend me your ears, especially you "the children are our future" hypocrites who have no shame in abusing the children when it comes time to protecting your overpaid jobs.  I want to make sure your ear drums burst.

WE SPEND TOO MUCH MONEY ON EDUCATION!!!!!!

Period.

End of discussion.

Truth as truth can only be told.

Of course, I can't assume that everybody reading this post is a regular Cappy Cap reader and therefore doesn't need a hand-holding explanation of the chart above, so let me explain to you in simple terms the wonderful economics lesson the above chart tells us all and the ramifications of it.

The above chart is quite simple.  It shows us "GDP Yielded per Dollar in Education Spending."  Or, in other words, "How much GDP is produced for every dollar we spend on education."

It is a measure of the efficiency and effectiveness of our education system in that it essentially shows us our return on investment in education.

Notice in the olden days we could expect that for every dollar we "invested" in the precious little children, we could expect about $32 in economic production in return.  It peaked during WWII where we almost doubled that rate of return, and even during the great depression it had a trough of $21.  But still the average was reasonably high.

In the 50's our ROI for education averaged in the upper $20's, but then in the 60's it started a very measured and deliberate decline.  This decline continues today where we get LESS THAN HALF OUR OLD SCHOOL RETURN - $14.52.  The cause of this decline I presume was that blessed, wonderful and highly ineffective "Great Society."

Whatever the cause, the fact still remains that education has been suffering a phenomenon economists like to call "Diminishing Marginal Utility" or "Diminishing Returns."

Or in English - "We ain't getting our bang for our buck."

It is here, no doubt, liberals, leftists, socialists, communists and other economic parasites will try to change reality, redefine words, and tender touchy feely arguments that are not based in reality or logic.  However, for those people, allow me to do you the favor of tendering your arguments for you because I know you so well because I know your ulterior goals and motives:

1.  "Well education isn't all about the money.  It's about becoming a well-rounded person.  It's an experience" etc. etc. touchyfeelygarbage, touchyfeelygarbage.


2.  "People don't get an education just so they can go and work.  They do it so they can enhance their intellect and lives.  You don't want a bunch of dumb people running around the country, do you?  You want a place where everybody is smart like us in San Francisco or New York."

But, if you can stand to be as open-mined and as intelligent as you hypocrites all claim you are, permit me not a counter-argument, but reality.

1.  BS.  The amount of money students, their parents and taxpayers spend on education, you damn well better believe money matters.  When people blow $100,000 on a college degree, unless you're some spoiled pampered brat whose parent can afford it, you are CRIPPLING YOUR ECONOMIC FUTURE.  Liberal or conservative.  Capitalist or parasite. Your political ideology and naivete does not matter as that $100,000 in student debt will destroy you and your future regardless.

2.  The government (which means me and the dwindling percent of the population who actually produce something on value in this country) pay for 75% of all educational spending.  That's right, other people are paying for the majority of your education.

READ

WE HAVE EVERY GOD DAMNED RIGHT TO DEMAND A RATE OF RETURN

AND

WE HAVE EVERY GOD DAMNED RIGHT TO DEMAND THAT OUR MONEY IS SPENT WISELY ON DEGREES AND EDUCATION THAT LEADS TO GENUINE ECONOMIC PRODUCTION AND NOT FINANCE SOME BLEEPING HOBBY DEGREE LIKE SOCIOLOGY, WOMEN'S STUDIES AND WHATEVER OTHER DEGREES YOU LEFTISTS PURSUE THAT ARE VOID OF MATH, RIGOR AND PURPOSE.

Of course, ultimately, I know this is not a debate.  I know that this is falling on deaf ears which relegates this post for posterity.  Debates require both sides to have theories, but no proof or evidence, which results in speculation, logic, thought and an attempt to convince the other person to see it their way.  Debate also requires intellectual honesty of both parties.  This is instead one of two things:

A psychological problem in which people who "argue" otherwise simply are psychologically impaired and cannot accept fact, data, statistics or truth (aka-ignorance, delusional).

Or

A problem of evil.  Where people who "argue" otherwise know full well I, and millions of others are right, but know to indignantly feign disagreement so they can continue to unfairly milk the system for their advantage at our expense.

And so for those of you who are evil, know that you're not fooling any one.

And for those of you who are ignorant, know that we no longer care to discern between the two because the costs to us are the same.