So you believe there’s a bloated administrative and managerial class that spends money on wasteful things while constantly cutting money on useful things. Let’

So you believe there’s a bloated administrative and managerial class that spends money on wasteful things while constantly cutting money on useful things. Let’s accept that without argument. What makes you think that the exact same bloated administrative class which prioritized useless things and defunded useful things when revenues were increasing will choose to suddenly prioritize useful things when revenues are decreasing? Wouldn’t the predictable response of the bloated managerial class would be to continue with the same priorities and further cut useful activities making useless activities an even greater proportion of spending? Given the argument you’re making, wouldn’t the solution be to pass laws or executive orders that instead provided incentives to spend money on useful things? Yet one of the 2 actions, the endowment tax, is agnostic and doesn’t change incentives at all, and the other targets research which is easily the most directly valuable output of the U.S. university system, therefore further tilting the money away from the useful spending and therefore proportionally more towards useless spending.