They do not use their endowment for public benefit, they use it for their own benefit, like other elite, private universities, and get tax exemptions for doing

They do not use their endowment for public benefit, they use it for their own benefit, like other elite, private universities, and get tax exemptions for doing so: http://www.msnbc.msn.com/id/22043995/ http://www.msnbc.msn.com/id/22043995/ The scientific research they do is privatized; they hold the patents and license it off to others. And if they can't afford Manhattan, they should have do what everyone else has to when in that situation: move somewhere less expensive. Eminent domain on their behalf is welfare for the rich.