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Nbailey
| Reward Points: | 19 |
| Efficiency:
Efficiency is a measure of the effectiveness of your arguments. It is the number of up votes divided by the total number of votes you have (percentage of votes that are positive). Choose your words carefully so your efficiency score will remain high. | 54% |
| Arguments: | 10 |
| Debates: | 2 |
Universities with large endowments receive significant tax subsidies as the income and capital gains from these endowments are exempt from being taxed. Frequently, the amount of the endowment that is used to finance the operations of the university is no more than the minimum required by law in order to maintain its tax-exempt status.
The managers of these endowments often receive lavish pay packages, with Mohamed El-Erian raking in $6.5m during his last year as head of the Harvard endowment fund [1]. In that same year, only $1B of the $35B fund was distributed for university operations, an amount that is less than 3%.
Many modern universities have become a way for venture capitalists and large corporations to perform basic research and development using taxpayer funds. The new discoveries and technologies that result from this research are then licensed at very nominal cost to the corporation, so that the vast majority of commercial benefit and financial gain from the publicly-funded research ends up in private hands.
(TEST) I support this view. In addition to the original view, a study by Jones et al found that college increases an individual's earning power by 175% over their lifetime [link to study]. This means that they are paying more taxes and contributing more to society.
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I am probably a good person but I haven't taken the time to fill out my profile, so you'll never know! |
