Great article. I had a kid go to one of the schools discussed in the article, and of course most parents aren’t like the ones she mentions. That said, I’d be fine with Congress limiting the tax-free nature of private schools and colleges – say, income on the first $50 million of endowment could be tax-free, but amounts above that taxable (or, say, $1 billion for universities). I have no problem with private institutions, but I don’t see why we need to allow their income to be tax-free.
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