Public goods Essay Example | Topics and Well Written Essays - 1000 words

Public goods - Essay Example The democrats who urge the government to ensure that there is equality in education for the benefit of the future economy support this strategy (Kaul, 1999, p.23). The provision of education as a public good has resulted to the increment of taxes, since the government has to increase taxes to earn more revenue that finances the public schools. The increment in taxes as the government tries to provide more resources in the education sector is criticized since the quality of education available is depreciating annually. The critics argue that education is a social good or a quasi-public good thus it is not the sole responsibility of the government to provide it (Kaul, 2003, p.17). This essay tries to identify the best way to offer education. It reflects on the negative constriction of offering education as a public good while giving other positive ways of ensuring quality education, lower expenditures or taxes and higher revenue to the government. The major negative effect of education as a public good is that the government expenditure increases and taxes increases since the government uses public finance to either offer strict free education as is the case in U.S. elementary and high school education or when it offers subsidiaries or vouchers to finance education (Kaul, 2003, p.56). This affects all the citizens as huge sums of public finance are allocated for education in the expenses of other important issues that are more important to the society for instance health sector may receive inadequate funds (United States Congressional Serial Set, 2011). The essence that education is not a pure public good proves that consumption of education would not decline even when offered as a private good since the parents know the importance of education and would work harder to ensure their kids achieve education from private schools. The essence of education as a public good faces the same problems as other public good in the sense