Michael R. Strain, Columnist

Five Reasons Not to Tax University Endowments

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

November 14, 2017 at 10:00 AM UTC

Michael R. Strain is a Bloomberg Opinion columnist. He is director of economic policy studies and Arthur F. Burns Scholar in Political Economy at the American Enterprise Institute. He is the author of “The American Dream Is Not Dead: (But Populism Could Kill It).”

Human capital.
Photographer: Joe Raedle/Getty Images

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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.

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