[mission9]

If you invested the 5,000 dollars each year (first grade through 12th) for each child, in a growth mutual fund that tracked the S&P 500, the end product at age 18 is 100k. Now if fifty per cent of that amount was made available to the child (down payment on a house, college education, start a small business), and the rest allowed to accrue to age 65, the remaining 50k, if allowed to accrue at historical S&P growth rates, would exceed two million dollars. But you say, that child would be illiterate and uneducated. Untrue, require a passing of the GED and reading proficiency to qualify for a driver's license and let the rest of the education be pursued by the child or his parents. End of Social Security Problem, end of Education Problem. As to the unemployed government teachers, the true teachers will find employment from the true desirers of an education, the others can do jobs that Americans just won't do.

[RipSawyer]

If you invested the 5,000 dollars each year (first grade through 12th) for each child, in a growth mutual fund that tracked the S&P 500, the end product at age 18 is 100k. Now if fifty per cent of that amount was made available to the child (down payment on a house, college education, start a small business), and the rest allowed to accrue to age 65, the remaining 50k, if allowed to accrue at historical S&P growth rates, would exceed two million dollars. But you say, that child would be illiterate and uneducated. Untrue, require a passing of the GED and reading proficiency to qualify for a driver's license and let the rest of the education be pursued by the child or his parents. End of Social Security Problem, end of Education Problem. As to the unemployed government teachers, the true teachers will find employment from the true desirers of an education, the others can do jobs that Americans just won't do. >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> Interesting idea but it seems to take no account of inflation. What will a hundred grand be worth in another 18 years. I just turned 62 and I remember when a hundred grand was nearly equal to the projected LIFETIME EARNINGS of a high school graduate. Now it it one good year's income or two years of a relatively modest income.