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Kids needs tax education

News Herald – Juliann Talkington

Juliann

Regardless of whether you believe taxes are crucial and helpful or unnecessary and unfair, it is important that your kids understand the concept of taxation, how tax money is collected and used, and what they can do to influence tax policy.

Here are a few kid friendly facts you can share with your children.

There are a lot of taxes in the U.S.
Individuals are taxed on property, purchases, income, wages, facilities use (tolls), and dying (death tax). Companies pay duties, tariffs, fees, registrations, and employment taxes. They pass these extra costs onto consumers as higher prices, which means individuals ultimately pay for business taxes.

U.S. taxpayers have little say on how tax money is spent.
Once the taxes are collected by a taxing agency, taxpayers have little control on how the money is allocated. As a result, it is critical that voters consider all tax referenda carefully. If a taxpayer does not like a tax he/she can circulate a petition to have the tax recalled, run for office, and/or work to get different politicians elected.

Taxes increase the power of the government.
Tax revenues give government entities control over large budgets, which can create problems with corruption as companies and individuals lobby to obtain projects bid by the government.

Taxes fund a wide variety of programs.
Taxes are used to pay for everything from roads and bridges to special projects like studying methane emission from dairy cows.

Private sector worker taxes pay for government jobs.
When someone works for a public school, a public college or university, the TSA, the military, a company who executes government contracts, an organization that receives government grants etc. his/her salary is paid by people working in the private sector. Even though government employees pay “taxes”, these “taxes” just reduce the cost of that worker, since the taxes go back into the pool of money used to pay government salaries. As a result, it is impossible for the government to operate without loans or tax contributions from private sector workers.

Tax marketing is often different from tax implementation.
Taxpayers are often more willing to approve taxes for education, so government agencies will sometimes market a tax as a way to improve schools without restricting the money to schooling.

Once your kids have an understanding of taxation they can make sound economic decisions for themselves and help their communities make wise choices about taxes and community services.

Changing our Paradigm

News Herald – Juliann Talkington

Juliann

Technology is changing so fast, it is impossible to know what the world will be like in a year, much less four or five. Just 25 years ago, the Internet was still in its infancy, mobile phones were just gaining popularity, and genetically modified foods were not yet on the market. Now we are worried about biological computers, electronic currencies, and the health impacts of genetically modified foods.

For decades, education experts encouraged schools to track kids into narrow areas like molecular biology, medieval history, copyright law, or Fortran programming. As technology advanced, the lines between disciplines began to disappear and some areas vanished.

Now a person’s long-term employment prospects are based on his/her ability to quickly learn new things, interact with others, and change. This means everyone needs a strong understanding of all the disciplines including the arts, math, history, science, languages, etc. In addition, employers need people who can communicate, listen, and empathize with others; have a strong work ethic; and possess good character. This means our kids need a completely different type of education than we did when we were growing up.

Here is a list of the skill gaps that exist in our education system and parenting approaches.


1. Ability to think critically and assess and analyze information
The problem often develops in elementary school. Primary school teachers need strong proficiency in this area.
2. Collaborative/Influential
Students need practice working with others. Schools are not structured to provide exposure to different ages.
3. Agile/Adaptable
Schools/parents want stability. Students need exposure to change.
4. Initiative
Students need opportunities to start new programs, etc.
5. Effective Written and Oral Communication
Schools need step by step teaching approaches and effective ways to assess proficiency.
6. Curious, Imaginative, Creative
Schools should foster these abilities with short creative blocks during the teaching day.
7. Ethical
Parents need to demonstrate acceptable behavior.
8. Polished and Courteous
Parents need to teach their children basic life skills – allow others to finish speaking before you begin, chew with your mouth closed, etc.
9. Well-read
Parents should discuss world affairs and technological advances with their kids.
10. Strong work ethic
Parents need to teach their children about self-discipline, punctuality, follow-through, etc. and then allow them to experience consequences when they do not deliver.

Once we realize what worked in the 1900s no longer makes sense today, we can work together to make sure our kids are ready for life on their own.

‘Reskilling crisis’ emerging as 1.4M U.S. jobs face technology disruption

Education Dive – Naomi Eide

“Referred to as a “reskilling crisis,” only 2% of workers could transition to new jobs if immediately called on to take another position that matched their skill set. Most other workers, however, have few skills required to transition jobs; 16% have no opportunities to transition to new jobs.” (more)

OPINION: The new lifelong learner — an education to match America’s economic needs

The Hechinger Report – Mark Dorman

“In the past, we’ve often thought about formal education as the acquisition of broad skills at a fixed point in time, with training ending at about age 18, 22 or later for those who need advanced degrees. In order to succeed in the jobs of the future, the workers of tomorrow will need to become lifelong learners. The brain you graduate from college with at age 22 isn’t the one you’re stuck with for the rest of your life. And lifelong learning is the education that never ends: An ever-evolving mastery and proof of abilities.”(more)

College reality

News Herald – Juliann Talkington

Juliann

In a few weeks tens of thousands of young Americans will leave home and begin the “college experience”. As they descend on campuses across the country, they will be greeted by impressive buildings, acclaimed alumni, elaborate social functions, and luxury hotel-like accommodations. In addition to getting used to their new “homes”, these newly minted adults will be asked to select majors that prepare them for post college employment.

Interestingly, the university structure and incentives may not always be aligned with what is best for students.

Universities are broken into departments. Each department is responsible for running a profitable business or demonstrating that there is enough demand for its offerings that it would be foolish for the university to close the department. Departments like engineering generally have large research budgets, so they are less concerned about student enrollment than departments like the humanities and social sciences that have fewer research dollars.

As might be expected, the departments with fewest research dollars generally work hardest to convince students to select majors within their purview. Until 15-20 years ago, this model worked well, because it was possible to obtain high quality employment with a wide variety of university degrees.

Technology has improved access to information so much that many jobs related to compiling, organizing, and disseminating information have already been or are being eliminated. Careers that have been hardest hit are law, social sciences, and the humanities.

Since there are fewer job opportunities for people with these degrees, many college graduates find it difficult to procure jobs that pay a premium over what was available to them before they attended college.

This shift creates a dilemma for the parents of a child who did not develop a proclivity for math in high school. Does the parent have the resources to send the child to college so he/she can graduate without debt and go on to a job that he/she most likely could have obtained without attending college? Is it better to consider a high paying trade like plumbing or electricity, rather than expending money on college? Or is it wiser to encourage the child to go to a community college and learn math, so he/she has the skills to obtain a college degree with higher earning potential?

It is a tough decision, but is something that should be discussed before a family blindly spends large sums of money on a college education that does little to improve a child’s long term earning potential.

College may no longer be necessary, high quality K-12 education is

News Herald – Juliann Talkington

Juliann

Even though psychologists have been talking about a lack of correlation between college degrees, course grades, and job performance for decades, most companies continue to rely on these credentials and marks to make hiring decisions.

In the past couple of years, however, a few companies have broken rank. Google, a Fortune 500 technology firm, and Ernst and Young U.K., part of one of the world’s largest accounting firms, have publicly announced they no longer require college degrees for employment.

Google’s chairman said the company is more interested in an applicant’s skills, ability to think in a logical way, work ethic, breadth of experience, public speaking abilities, and creativity. Ernst and Young said they are interested in talented individuals regardless of background.

This transformation is due, in large part, to free access of information through the Internet. Over five years ago Bill Gates, a founder of Microsoft, suggested that traditional university education, especially at fixed-place institutions will no longer be necessary, since most of the content will be available online for free.

The college experience is under additional pressure, because college costs are rising at a rate higher than inflation and a college degree no longer guarantees a solid middle-class income. In fact, the College Risk Report (collegeriskreport.com) suggests that the rate of return on most four-year college degrees is worse than 2-year degrees and in some instances worse than no degree at all.

There is a small group of students who receive full ride scholarships to attend college. For these students, the costs are so low that the four-year degree makes financial sense.

Some people assert that college is an excellent place to make contacts. This may be a valid claim for students who are outgoing and takes advantage of all the clubs, speakers, professors, and research opportunities available at a school, but is probably not the case for most students who meet few people outside their dorms and classes.

Without a traditional college education, strong K-12 schooling is imperative since this will be where kids learn basic skills, hone public speaking abilities, refine creative thinking, and develop logical problem solving capabilities. Work ethic can be developed at school, home or in extra-curricular activities like sports. Breadth of experience can occur at school or through outside clubs and activities.

This new employment paradigm suggests we need to worry more about high quality K-12 education and less about college.