How do property taxes fund our public schools? Is this fair? How do you think public schools should be funded?

Depending on where you live you pay a certain property amount of property tax, which varies from place to place. If you live in a "nice" area the tax is usually higher and if you live a not so "nice" area it is lower. This tax that is paid goes to the local school in the area as a large part of their funding. When on takes a look to the larger picture of the property tax in america it is fair in a way because the money just doesn't go to the local school it also goes to police/fire protection, local governments, some free medical services, and most of other local infrastructure. But the schools in the less fortunate areas get less funding because the people are poor and with the wealthier areas get more funding because of the wealthier parents, thus, a gap is created. The property tax should not apply to schools because the gap between the rich and the poor ends up affecting the school system. Their should just be a tax that is just for schools at a set rate that are divided up and given to schools in the area.

A major upward revision of the U.S. Treasury Department’s assessment of China’s holdings of U.S. securities last year shows the U.S. is far more indebted to the emerging power than originally thought. Treasury’s preliminary report of foreign holdings of securities is based on better data than its first estimate posted last year, helping to paint a more accurate picture of foreign purchases or sales of U.S. assets. The data are likely to prove fodder for many analysts who have suspected that China has been routing a significant portion of its purchases of U.S. Treasury securities through other major financial centers such as London to play down its debt profile in the U.S., a politically sensitive subject in Washington.

China’s holdings in the month of June 2010 were revised up 32%, around $268 billion, from the previous estimate to $1.112 trillion. The U.K., however, saw a downward revision of almost the exact amount, to $94.5 billion from a previous estimate of $363.7 billion.