Re:Is it time to return to the medieval way of life on colle...
by rdouble on Friday January 28, 2011 @05:22AM
(#2151402)
Colleges and universities are also exempt from taxation. Harvard University pays no tax on its endowment gains or property.
Re:Is it time to return to the medieval way of life on colle...
by stcredzero on Friday January 28, 2011 @05:12AM
(#2151387)
Actual monasteries and convents are in a perfect position to fill this role. Not only do they often have the perfect geographical location, they also have physical plants which are designed to foster the right mental attitude and already have practices that do the same. They also have the right tax exempt status.
The author is ignoring a significant advantage that actual monasteries and convents have on this point: they are exempt from taxes by law and longstanding tradition. It's not clear that an institution lacking this advantage could really become economically self-sufficient.