The College Endowment Accountability Act, according to Sen. J. D. Vance, responds to “a problem, borne of unfairness and of mass subsidy from the American taxpayer, that has now metastasized into one of the most-corrupt and one of the most politically active and politically hostile organizations in the United States of America, and that is elite colleges.”| the Giving Review
The Ohio University professor emeritus talks to Michael E. Hartmann about whether tax-incentivization is a subsidy, the taxation of endowments in higher education, Milton Friedman’s 2003 e-mail to him about negative externalities in higher ed, whether there might also be negative externalities in philanthropy, and the taxation of endowments in philanthropy, as well as a little about the Ohio Bobcats’ football team.| the Giving Review