HOUSE_OVERSIGHT_021030.jpg
1.06 MB
Extraction Summary
0
People
5
Organizations
1
Locations
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Events
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Relationships
3
Quotes
Document Information
Type:
Presentation slides / government oversight document
File Size:
1.06 MB
Summary
The document consists of two presentation slides from a report titled 'USA Inc. | What Might a Turnaround Expert Consider?' produced by KPCB (Kleiner Perkins). The slides analyze the economic impact of education, arguing that government spending on education yields a high Return on Investment (ROI) through incremental tax returns. Data from 2005 (sourced from the OECD) compares the Net Present Value of individuals with secondary versus higher education. The document bears a 'HOUSE_OVERSIGHT' Bates stamp, indicating it was part of a document production for a US House Oversight Committee investigation.
Organizations (5)
| Name | Type | Context |
|---|---|---|
| KPCB | ||
| Kleiner Perkins Caufield & Byers | ||
| OECD | ||
| USA Inc. | ||
| House Oversight Committee |
Locations (1)
| Location | Context |
|---|---|
Key Quotes (3)
"Better Education Improves General Labor Quality and Enables Specialization For More Efficiency"Source
HOUSE_OVERSIGHT_021030.jpg
Quote #1
"Each $1 of Government Spending Could Generate Up to $3 of Incremental Tax Return"Source
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Quote #2
"Higher Education: NPV = $100,119 ROI = 299%"Source
HOUSE_OVERSIGHT_021030.jpg
Quote #3
Full Extracted Text
Complete text extracted from the document (1,189 characters)
Drive Growth: Education
Better Education Improves General Labor Quality
and Enables Specialization For More Efficiency
and Enables Specialization For More Efficiency
KP
CB www.kpcb.com
USA Inc. | What Might a Turnaround Expert Consider? 377
CB www.kpcb.com
USA Inc. | What Might a Turnaround Expert Consider? 377
Education = High Long-Term ROI* Investment
Each $1 of Government Spending Could Generate Up to $3 of Incremental Tax Return
Each $1 of Government Spending Could Generate Up to $3 of Incremental Tax Return
USA Inc. Net Present Value (NPV) for an Individual** Obtaining Secondary / Higher Education, 2005
[Y-Axis Label] Public Net Present Value for an Individual Obtaining Secondary or Higher Education
$140,000
$120,000
$100,000
$80,000
$60,000
$40,000
$20,000
$0
-$20,000
-$40,000
$120,000
$100,000
$80,000
$60,000
$40,000
$20,000
$0
-$20,000
-$40,000
[Left Bar]
NPV = $32,257
ROI = 109%
Secondary Education
NPV = $32,257
ROI = 109%
Secondary Education
[Right Bar]
NPV = $100,119
ROI = 299%
Higher Education
NPV = $100,119
ROI = 299%
Higher Education
[Legend]
Unemployment Effect
Social Insurance Tax Revenues
Income Tax Revenues
Public Foregone Tax Revenues
Public Direct Cost
Unemployment Effect
Social Insurance Tax Revenues
Income Tax Revenues
Public Foregone Tax Revenues
Public Direct Cost
Note: * ROI (return on investment) calculated as NPV of future incremental tax revenues divided by cost for government to support an individual for education. **Limited to male samples, female samples tend to have a lower public NPV. Source: OECD.
KP
CB www.kpcb.com
USA Inc. | What Might a Turnaround Expert Consider? 378
CB www.kpcb.com
USA Inc. | What Might a Turnaround Expert Consider? 378
HOUSE_OVERSIGHT_021030
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