Earlier quoted context omitted.
The system you’re talking about already exists! Half of all K-12 funding comes from state and federal sources, and is directed to the neediest kids. Here is the district by district breakdown in Maryland: https://i2.wp.com/conduitstreet.mdcounties.org/wp-content/up... Baltimore City has less than half the local education funding of Anne Arundel (a predominantly white, upper middle class county containing Annapolis an…
No amount of funding towards schools can make up for a home life or general environment that's not conducive towards education. I wish we in the US looked at solutions beyond throwing money at it (or at least, in a different way) because it obviously doesn't work.
Experiments in Brazil and India suggest that the really simple, dumb solution works best: give poor people money, no strings attached.
Sure, they'll waste some of it. But not all that much, maybe a third. To economists, that's very effective targeting.
(If you demand perfect targeting and use of funds here, why not with private-sector investments (67%-90% loss rate) or 'normal' government investments (50% - 75% losses)? )