Tuesday, February 3, 2009

Tax Break For Teachers

Thomas Friedman, American journalist, columnis...Image via Wikipedia

Thomas L. Friedman wrote recently in the NY Times an interesting article about ways to stimulate the economy.

For those of you who are not familiar with Friedman he is most recently famous for his book "The World Is Flat" where he talks about outsourcing and how this leveling the playing field world wide. Very interesting book which I highly recommend.

In this article he say's "My wife teaches public school in Montgomery County, Md., where more and more teachers can’t afford to buy homes near the schools where they teach, and now have long, dirty commutes from distant suburbs. One of the smartest stimulus moves we could make would be to eliminate federal income taxes on all public schoolteachers so more talented people would choose these careers."

So might view this as a shot against teachers not being good enough as they are and so we need to recruit better teachers. I don't believe this is what he is really saying especially since he leads with his wife being a teacher but we have all seen quality teachers leave the profession becuase they were lured into more lucrative career options.

I believe most teachers are in this profession for the right reasons but sometimes finances make it hard to stay put. I think the tax break might be a good idea to help make life a little easier and Friedman may be right this is a better stimulus then giving free money to banks or the Auto Industry.

Here is his closing statement:
"Sure, we’ll waste some money doing that. That will happen with bridges, too. But a bridge is just a bridge. Once it’s up, it stops stimulating. A student who normally would not be interested in science but gets stimulated by a better teacher or more exposure to a lab, or a scientist who gets the funding for new research, is potentially the next Steve Jobs or Bill Gates. They create good jobs for years. Perhaps more bridges can bail us out of a depression, but only more Bills and Steves can bail us into prosperity."

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