Not just no, but HECK no!!
Well I'm not sure I would normally have been a proponant of investing public
education money in the stock market but right now it seems like a good idea. If
I'm wrong, and I'm never wrong, the market will continue to drop. Right now the
market which had been overvalued for a long time imo is actually valued at a
good price. Assuming the US isn't going to collapse completely (and I believe it
won't) I think the stock market is a good investment at present. In addition by
investing in the stock market right now we actually help it to rise and begin
again on its upward path.
... although I voted No on B too for similar reasons.
What a great idea! Instead of using the money to educate kids we can play the
stock market and see if we can make more money than we put into it.Is this a Stephenson idea? Sounds like one.
This is probably OK, but I will vote against it, because I am not sure if there
are proper safeguards against graft and corruption. Just like the business
interests that want to get their hands into the public education K-12 pot, there
could also develop opportunities for corruption of this fund.
This amendment would authorize the State of Utah to play favorites in the market
with its investment choices.Taxpayer-supported entities shouldn't be
in the business of enriching some people at the expense of others. Privatized
profits and socialized costs would flow from this amendment.The
State of Utah shouldn't be in the education business either.