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How is that wrong? The government decided not to tax these college endowments because they were considered a public good. That decision had a direct effect on t
by jobu 11y ago
How is that wrong? The government decided not to tax these college endowments because they were considered a public good. That decision had a direct effect on the government's budget - a cost.
- vixen99 11y agoIndeed that's true. A government in a country which decides to absorb all wealth created by its citizens (100% taxation) would bear a cost should it allow any dispensation. I guess there'd be a powerful debate on whether the latter was justified and fair.