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Michael R. Strain

Five Reasons Not to Tax University Endowments

It's unprincipled. It's counterproductive. Republicans, come to your senses!
Human capital.

Human capital.

Photographer: Joe Raedle/Getty Images

The late Daniel Patrick Moynihan’s prescription for building a world class city? “Build a great university, and wait 200 years.” Moynihan understood that fruit grows when a few square blocks are seeded with producers and consumers of knowledge, intensely focused on those activities.

QuickTake University Endowments