Ah Let's Talk, but I am semi retired and no welfare involved.
Ive paddled my own canoe in life too. The problem with your
proposed system, is that eventually you run out of other peoples
money to spend.

As I indicated above, the Gonski report is one reform that will help Labor. My thoughts are at http://community.tes.co.uk/forums/t/576719.aspx. The bibliography is awaiting moderation for some reason.

There's plenty of other people's money to go around, all ready to be spent on services that will benefit other people:

https://www.tai.org.au/index.php?q=node%2F19&pubid=999&act=display

*There's plenty of other people's money to go around*

Only if you are kidding yourself and ignore the law of unintended
consequences, Let's Talk.Academics pushing pencils around desks,
do not make it so.

For or course people who create wealth get tiered of being robbed
and move their innovative skills and wealth creation skills elsewhere.

Next you will be screaming that you want a job. I remind you that
without some entrepreneur to create one for you, you might be
scratching.