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Five private schools spent as much on new facilities in one year as 3,000 Australian public schools
(www.theguardian.com)
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Private education exists to be at odds with public education. As long as it is around, rich people will try to use it and when they are using it they will not have a reason for public education and dismiss it's importance. Not letting money be a factor in access to education at all seems the best outcome, and we have more than enough money for education if we actually wanted to use our national resources effectively instead of letting them be sold off for corporate profits.
I'm calling for no competition, access to education or food isn't a game where your goal is to get the most money out of people, it's about providing for citizens needs in life.