[ElComradio]

It feels ambitious to suppose an equilibrium state for schooling to be met within a year. I'd buy two or three.

Is it the case that existing private schools have much excess capacity? Frequently the argument for private schools is smaller class sizes; a rapid influx of new students without new, excellent teachers defeats the purpose. Presumably new classrooms would need to be constructed and so on.

If you receive a $5,000 voucher and your private school jacks up tuition by let's say $1,000, it is unlikely many parents are going to disrupt their routines and children's routines to reclaim that amount, especially since they are feeling relief from a net $4K tuition break. Tuition has effectively decreased, so why rock the boat?

[AnthonyMouse]

I'm trying to understand what your objection is.

Suppose you're right and a $5000 voucher will cause a $1000 increase in tuition for three years, after which new schools will open and the competition causes tuition to fall again.

So as a parent, for the first three years I'm up net $4000/year and $1000/year is going to build new school capacity to meet increased demand, and thereafter I get the whole $5000/year. Am I supposed to be unhappy about this?

[ElComradio]

You are basically saying that what happens in the short term is not relevant, but as taxpayers, a lot of people will be upset by profiteering in the manner I described, even if it is only for 1-3 years.

Or from another angle- what will prevent an ever increasing amount of tuition such as happened with the higher education system? "We need to raise the voucher to $10,000 now…"