stahleyp Posted October 14, 2019 Share Posted October 14, 2019 I think it's in poor form for colleges to have $20+ billion endowments and not pay taxes on it while taxpayers are on the bill for other student loans. How about something like this? We tax college endowments over a certain size, relative to the average/median or tax them based on a ratio tied to number of students to endowment. So if have 20,000 students and a $100 million endowment, no tax but $40 billion and 20,000 students, then you get taxed. Now, rather than the government spending the money in some irresponsible fashion, the huge endowments would "pay back" society by using that tax money to fund of 1) a lottery system where random student loans would be paid down $10,000 (or some other amount) 2) to fund public service loan forgiveness (I like this one better). Quote Link to comment Share on other sites More sharing options...
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