Quote:
Originally Posted by opendoor
LOL, yeah no one ever finds a way to profit from nonprofits. Just a couple of examples of how people profit from charter schools off the top of my head:
-the charter school itself is non-profit, but they contract a for-profit "management organization" to effectively run the school. There's no requirement that the two organizations be at arm's length, so often they're basically the same people running both.
-charter school is non-profit, but they rent their facilities at a grossly inflated rate from a for-profit company. One example I read about was a company renting a facility for ~$275K a year, but then turning around and subletting it to its own charter school for more than 10x that rate.
And of course that money has to come from somewhere. So when the government gives these schools money, instead of going to front line education, a good chunk of it flows to companies and their shareholders.
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He literally noted a reason for why they'd be motivated to lobby in his post (public money), too. Just lol all around.
All of that plus the ideologically-motivated reasons that Lanny mentioned for wanting more charter schools.