It’s bad because government is much more efficient at this using taxation than relying on the benevolence of rich people. Harvard educated far fewer students t

It’s bad because government is much more efficient at this using taxation than relying on the benevolence of rich people. Harvard educated far fewer students than U.C. Berkeley and Berkeley has 1/5 the endowment. The budgets are probably more or less in line with each other but that excess endowment amount speaks to a major inefficiency in terms of allocation of resources.