> You could say that teachers are so important that they should be paid more and in a free market education system they might be paid differently than they are

> You could say that teachers are so important that they should be paid more and in a free market education system they might be paid differently than they are now. What is the present value of a teacher's pension? How much would you have to save to produce an investment stream that cannot be exhausted no matter how long you live? What value is attached to having it guaranteed by the government instead of being subject to market returns?