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 4/10 Good --- www.cato.org http://feeds.cato.org/CatoDispatch
| The Cato Institute seeks to broaden the parameters of public policy debate to allow consideration of the traditional American principles of limited government, individual liberty, free markets and peace. Toward that goal, the Institute strives to achieve greater involvement of the intelligent, concerned lay public in questions of policy and the proper role of government. ... |
Tuesday, May 20, 2008 --- 111 days ago http://www.cato.org/view_ddispatch.php?viewdate=20080519#3
| "With nine of its colleges and universities boasting endowments above $1 billion, Massachusetts is now center stage in the emerging national debate over whether wealthy schools are doing enough to justify their tax-exempt status," The Christian Science Monitor reports. "The reason for the spotlight: a first-of-its-kind proposal to tax those large endowments in the Bay State."
In the Cato-at-Liberty blog post " Keeping Up Appearances in Higher Education ," Neal McCluskey, associate director of Cato's Center for Educational Freedom, writes: "Politicians use higher education as one of their greatest sources of middle-class bribery, and all the aid they lavish on students is almost certainly a much greater tuition inflator than tight-fisted endowment managers. Moreover, while Harvard has a ton of money, very few of the nation's over four-thousand degree-granting institutions have even close to the kingly Crimson sum: only 19 have sufficiently hefty endowments to buy even one aircraft carrier, only 76 have endowments exceeding $1 billion, and most have either small endowments or none at all." ... |
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