Of course it's damaging to the entire community to gut education on any level.   But, good grief, what do you expect when the wealthy top 1% of the population controls and owns everything, or the deciding portion of everything?   
  
   The 1 percent has 35.6 percent of all private wealth, more than the bottom 95 percent combined.
   In 2010, 25 of the 100 largest U.S. companies paid their CEO more than they paid in U.S. taxes. This is largely because corporations in the global 1 percent use off shore tax havens to dodge their U.S. taxes.   
   The corporate 1 percent dominates the lobbying for federal and state policies. In the last 30 years, the ranks of official lobbyists have exploded. In 1970, there were 5 registered lobbyists for every one of the 535 members of Congress. Today there are 22 lobbyists for every member.
http://inequality.org/99to1/facts-figures/

Transferring wealth to the already wealthy (in Alaska it's the oil companies) is what government is for, I thought.