"In USA where private universities can choose to spend their dollars on admin, sure, go ahead." Private universities in the US; - receive billions of dollars

"In USA where private universities can choose to spend their dollars on admin, sure, go ahead." Private universities in the US; - receive billions of dollars in direct federal funding - benefit from government interference in the student loan market (which allows universities to charge more than they would without this interference) - don't contribute the same federal taxes as other businesses with similar size and margins Given how much we (the rest of society) contribute to their functioning, why shouldn't we care if they waste a lot of what we give them?