Jeff Yass on education funding
From Jeff Yass: I’m a Big Advocate of School Choice | 05-30-26 · · Red Apple Podcast Network
“Their algorithm is give us money, we spend it, the kids can't read and write, there's only one conclusion we can reach from that, we need more money. So, in Philadelphia, New York, they'll constantly say the schools are underfunded because they have to be underfunded by their logic.”
On , Jeff Yass, Co-Founder & Managing Director at SIG (Susquehanna), spoke about education funding during Jeff Yass: I’m a Big Advocate of School Choice | 05-30-26 on Red Apple Podcast Network.
About Jeff Yass
Jeff Yass, co-founder and managing director of Susquehanna International Group, made several public appearances in May 2026 to advocate for school choice initiatives. In a May 30 interview on the "More Money Show," Yass argued that public school systems are failing students and that teacher unions prioritize political power over education. He said that "there really is no Democratic Party. There's just the teachers union and they hire the Democratic Party." Yass proposed a model in which per-pupil funding would be split, with half allocated as a school voucher and the other half placed in a savings account for each child, which he said would give graduates $300,000 for college or a down payment. On May 11, Yass received the Alexander Hamilton Award from the Manhattan Institute. In his acceptance speech, he praised Texas Governor Greg Abbott for "the largest victory in school choice history" and thanked President Trump for enacting a national school choice proposal. Yass claimed that New York City spends over $42,000 per child per year with poor academic outcomes, stating that "our public education system is not about education. It is a jobs program for the teachers union." He said he supports any politician, Democrat or Republican, who fights for school choice, and added, "I don't believe we can change Harvard's ways, but I certainly look forward to putting it out of business."