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It's a compelling story, BUT, are libraries really the best way to solve this social problem? Most tax payers don't realize just how expensive their library sy
by mckoss 15y ago
It's a compelling story, BUT, are libraries really the best way to solve this social problem? Most tax payers don't realize just how expensive their library system is. In my county, we spend $90 million per year for our libraries - about 0.5% of property taxes. As a home owner, neary 15% of the cost of your home, is being funneled to the library system.
I am very in favor of community public investment, but I am skeptical that our libraries are an efficient allocation of the very large claim they already have on our public taxes.
Note in this story how the grandfather was so poorly served by the system. It's not designed to serve those who need the system most. In the end he only gets reluctant help from someone overqualified (overpaid) to give him the kind of assistance he needs.
Unlike other suggestions in this thread, I do not agree that the answer is to prop up the failing library system by pretending to use its services to make their numbers look better. We should be demanding that our libraries evolve to remove wasteful and expensive services (that many of its users can already afford to pay for directly), and focus on the needs of those who cannot pay.
Our average library staff salary and benefits cost $25/hr - couldn't we double the assistance to the underprivileged by paying trained "Web Assistants" $10/hr to help them instead?
- ryanwaggoner 15y agoIn my county, we spend $90 million per year for our libraries - about 0.5% of property taxes. As a home owner, neary 15% of the cost of your home, is being funneled to the library system. Huh? I'm not understanding your math here at all...
- mckoss 15y agoI was doing a back of the envelope NPV calculation - 30 years of 0.5% payments -> 15%. Depending in the discount rate, it's less than that; which is why I said "nearly".
- yardie 15y agoWow, you've taken 2 numbers that don't have anything in common except the word year and managed to produce an irrelevant value. Using your calculation 40 years * 30% FICA means I'm paying 1200% income tax. Fox News would be proud.