The same line of critical reasoning should be applied to tax-exempt non-profit colleges and universities that accumulate enormous endowments from profits derived by enrolling mostly wealthy students and very few poor students. Enriching the already rich and denying opportunity to the poor exacerbates growing income inequality and is NOT in the public interest. These colleges and universities should be taxed as the for profit businesses that they are.
The same line of critical reasoning should be applied to tax-exempt non-profit colleges and universities that accumulate enormous endowments from profits derived by enrolling mostly wealthy students and very few poor students. Enriching the already rich and denying opportunity to the poor exacerbates growing income inequality and is NOT in the public interest. These colleges and universities should be taxed as the for profit businesses that they are.