An elegant whine against taxing university endowments

From Harvard law profs Jack Goldsmith and Adrian Vermeule at the Washington Post:

Drew Gilpin Faust, the president of Harvard University, has been lobbying in Washington against a Republican proposal to tax large university endowments and make other tax and spending changes that might adversely affect universities. Faust says the endowment tax would be a “blow at the strength of American higher education” and that the suite of proposals lacks “policy logic.” Perhaps so, but they have a political logic. We hope that Harvard and other elite universities will reflect on their part in these developments.

The proposed tax and spending policies aimed at universities are surely related to the sharp recent drop in support by conservatives for colleges and universities. According to a recent Pew Research Center report, 58 percent of Republicans and Republican-leaning independents say that colleges and universities have a negative effect on the way things are going in the country, a figure that has grown significantly in the past two years. This development likely reflects four related trends.

First is the obvious progressive tilt in universities, especially elite universities. More.

Reality check: It’s really difficult for many of today’s profs to understand, isn’t it? Much of the American public opposes special tax breaks for training camps for baby fascists. And in a remarkable bid for freedom, they have started to act on that conviction. It would be nice if the mood spread to Canada.

See also: Survivor of communism wants millennials to know that communism sucks. But he doesn’t seem to understand that the millennials’ children in college will be the ones with the boots, not the faces:

Orwell: If you want a vision of the future, imagine a boot stamping on a human face – forever.

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  • Hard Little Machine

    They should be taxed as capital gains

  • Watchman

    Seriously, all you need to do is make universities the creditor for most if not all of their student’s loans, and the student being able to declare bankruptcy to clear themselves of their student loans.

    This would mean that the universities would choose their students very carefully before allowing them to enrol, and ensure that the university was ensuring that whatever education the students were taught was going to later enable them to pay back the university loans they were given.

    The total of student debt currently exceeds the amount of credit card debt in the USA. The universities don’t care since the government guarantees that they get paid this money regardless of whether their students, graduating or not, ever are in a position to pay off their loans.

    • just_one_Sewer Rat_guy

      I absolutely love that idea!

  • Jaedo Drax

    In short, most of the ivy league universities are now hedge funds that happen to run a university, similar to how GM was a health care company that happened to make cars.

    the whole non-profit/charity sector deserves a microscope and a lot of sunlight

  • just_one_Sewer Rat_guy

    “blow at the strength of American higher education”

    Sorry, hate to burst your safe space racist little bubble, but, higher education at post secondary institutions is non-existent, due to activist educators, and snowflake mentalities that cry when they hear a perceived mean word, and into anarchic meltdown, because they have been coddled by people like those higher educators, their entire life. They may be 20 years old, but they haven’t made it past 4 years old mentally.