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Absolute perversion. Of the institutions and the systems. The action of raising tuition for decades to keep it unobtainable, so you can give out discounts to b
by downrightmike 3y ago
Absolute perversion. Of the institutions and the systems.
The action of raising tuition for decades to keep it unobtainable, so you can give out discounts to become a charity, and therefore not taxed, is an absolute perversion of charity.
- NoMoreNicksLeft 3y ago> The action of raising tuition for decades to keep it unobtainable That was never the action. The action was raising amenities and allure for decades, to attract ever greater enrollment. Unless you're Ivy League, or one of the other few high status universities, it's difficult to attract students... every other lower-tier university competes with you. So you build better dorms and better lecture halls, newer labs. You hire more faculty and staff. You build big pretty gardens and fountains, and hire people to maintain those. And suddenly your costs are through the roof. You raise tuition some, to deal with this. But tuition is also the benchmark of affordability (at least when you start this), so you also tack on fees and other costs that were never billed separately before, to try to hide the rising costs. All the while, other universities are doing the same. You're in an arms race with them, so to speak. > and therefore not taxed, is an absolute perversion of charity. Wait, you think they ever paid taxes, but now they're engaged in some sort of tax evasion shenanigans and the IRS just doesn't notice, somehow? I keep forgetting that so many people live in this reality, but are unfamiliar with the basics of how it operates.
- downrightmike 3y agoYour first point is wrong, they raised tuition and told all kids they needed to go, and then they started tacking on luxury amenities later. Amenities like lazy rivers are a new development. Tuition increases go back to the early 90's. Yes they paid taxes, and the whole story is a wild one, they tried to dodge the IRS with redacted filings and that got taken to the SCOTUS in 1993. https://casetext.com/case/us-v-massachusetts-institute-of-technology https://casetext.com/case/us-v-massachusetts-institute-of-te... And that decision is what allowed the massive tuition increase and all other schools followed or went defunct. If you want a longer story of universities dodging taxes: https://time.com/5952901/universities-tax-exemption/ https://time.com/5952901/universities-tax-exemption/ Same thing google et all do with their IP and the Irish sandwich.