[gruez]

>but I think it's well past time to revoke the tax-exempt status of schools that rip students off with sky-high tuition while sitting on huge endowments

As other people have mentioned in this thread, the point of endowments is to provide a steady source of income for the university's activities, not a piggy bank you can raid.

>It's even worse when they're blowing money on athletic programs and new stadiums.

I'm sure the right is equally mad about universities "blowing money" on humanities programs as well. Should we get rid of those as well?

[givemeethekeys]

How convenient. Call money something else to continue ripping people off.

[gruez]

Is your implication that non-profits shouldn't be able to keep money on hand and should spend anything they have saved ASAP?

[givemeethekeys]

Nope. It is my implication that they are sitting on a large pile of money and getting away with ripping people off, on top of tax breaks and a lifetime of indentured servitude for anyone foolish enough to take the bait.

[DidYaWipe]

I never said to deplete the endowments.

Not sure what you're on about with "the right" and "humanities programs." Do "humanities programs" bring in loads of cash?

[gruez]

>I never said to deplete the endowments.

But you specifically advocated for stripping a university's non-profit status, partly on the basis of having an endowment. Therefore it's pretty reasonable to extrapolate that you don't like the concept of endowments, even if you're not explicitly advocating for depleting them.

>Not sure what you're on about with "the right" and "humanities programs."

The point is that the right like sport programs, but the left thinks they're boondoggles, and the left like humanities programs but the right thinks they're boondoggles. Getting rid of sports programs is a good way to piss off the right, and for them to defund humanities programs next time they're in power.

>Do "humanities programs" bring in loads of cash?

You'd rather than universities stop doing things that generate cash for their educational mission?

[DidYaWipe]

I'm not convinced that the cash is really serving their "educational mission."