Re:Harvard University Won’t Require SAT, ACT for Admissions ...
by intended on Wednesday June 17, 2020 @09:05PM
(#23558713)
That sounded weasel wordy so I read the article -
> full $41.59 billion of the Ivy League’s money could be traced back to taxpayer-funded payments and benefits.
Traces back.
So part of it is tax breaks to educational institutions- which is natural, they have the biggest endowments combined so the tax benefits will be massive.
They point out that major research happens at these institutions so they have more money from that as well.
This meshes less with the “have their cake and eat it too” line of thinking and more a result of the distortions from reputation and network effects.
> full $41.59 billion of the Ivy League’s money could be traced back to taxpayer-funded payments and benefits.
Traces back.
So part of it is tax breaks to educational institutions- which is natural, they have the biggest endowments combined so the tax benefits will be massive.
They point out that major research happens at these institutions so they have more money from that as well.
This meshes less with the “have their cake and eat it too” line of thinking and more a result of the distortions from reputation and network effects.