With the present system there is no correlation or synchronisation between funding, teaching, outcome and requirement of the society. Raising taxes will not help for this reason. The platform I am proposing removes this disconnect.
> Do trust fund students never need to pay because they never take a job?
The proposed platform diminishes the need for trust funds or any form of funding for students. The whole point of the platform is to make education accessible to students from monetary perspective.
> If a student dies (suppose 20 people in the class of 2024 die in a bus accident), do the teachers make nothing extra?
In the present system too, if a student dies then that stops future "income" from that student to the school. It may not immediately affect the staff, but it does have impact due to loss of income to the school. In the proposed platform, the teachers will not get income from the student who has died but still get income from other students. That normalises things, infact the teacher is better off with the proposed I am proposing.
> This gives a strong monetary inventive to only teach children with a high chance of making money. Who will want to teach poor students?
How can one say with certainty that students who are not good academically will not do better in life. There are many examples where "poor" students have done better than "outstanding" students.
> What about the teachers of special needs children? Some of the more severely disabled are unlikely to ever have a job which pays much money, if at all? Doesn't this scheme punish those teachers?
Yes, that is one area that needs to look into. With the burden of funding reduced from the government and institutions such as trust funds, these entities can then divert their funds to special needs teachers. But I agree that more will need to be done from the proposed platform as well.
> That's not how the funding works. Teachers decide based on overall compensation, and the system can re-balance to compensate.
In the proposed platform there won't be a need to re-balance anything. In fact teachers(infact everyone in the education sector) get cummulatively increasing pay every year.
> Staff and schools will get money from this system, so the school board will reduce other funding.
Again, in the proposed platform the school board does not have to reduce anything. Actually, the whole point of the platform is to tie real outcome to compensation. This will help increase the quality of education as well.