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It seems to me that far from worrying that a voucher system might negatively impact public schools financially, we should recognize that the _current_ system is inequitable, that the public school funding model is unfair to those who have sought other alternatives for their children.
A few points that I haven't seen mentioned here:
1. Parents of students who are in private schools are at least in some sense paying twice for their kids' education: once through taxes (=> financing the public schools) and once directly to the school attended. This is inequitable, but it is a voluntary inequity, parents _could_ all send their children to public schools.
2. If all private schools closed today, the public school system would not be able to absorb the extra students. It would cost a lot to add enough schools (buildings, equipment, teachers and staff) to provide an education for all students. This would mean higher taxes on everyone. (Who is footing the bill now? Ah, yes, the families of the private school students.)
Not necessarily accredited... Catholic schools yes. many religious schools of other sects, not necessary for them to operate. we are not, yet we grant hs diplomas.
3. There is accreditation for private schools, if a school is not providing a good education for the students the accreditation agency should not (re-)accredit that school. Rather than saying that a certain school doesn't deserve to be included in a voucher system, let's say that certain schools should not receive accreditation, and accreditation