EduShyster: Getting Big $$$ on the Charter Gravy Train

Our good friend who came to speak about education reform at Ball State makes between $400-500,000 running a charter school in New York. Is it any wonder the private sector is wanting to destroy public schools in this country, so they can get their hands on taxpayer dollars and Wall Street monies.

Unfortunately, it’s like No Child Left Behind in reverse – it’s skimming from the top and leaving the students who cannot perform or have special needs for the underfunded public school system.

Sound familiar?

It should. It’s the exact scam we’ve watched health insurance companies running for years in this country and why the Affordable Care Act was implemented – to stop the fraud perpetrated on taxpayers by the wealthy.

It was so profitable for years in the healthcare system, they’re just using the exact same scheme on education.

Neat trick, huh?

Diane Ravitch's blog

EduShyster, tongue firmly planted in cheek, defends the huge salaries collected by charter operators in New York City. That’s the price of excellence, she says. She links to an article by Rachel Monahan of the New York Daily News, who listed 16 charter executives who make more money to run a small charter school or a small charter chain than the chancellor of the City of New York. Missing from Monahan’s list was Geoffrey Canada, who is paid somewhere between $400,000-500,000. .

Some of those on Monahan’s list have charters in other cities, and it would be interesting to know if they are receiving additional payments as executives in multiple sites.

When you see these rewards, you can understand the lure of charters for those young people who are eager for fame and fortune. They won’t win it in the classroom, so it makes sense to open a charter, spend…

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