Ryan's plan may not work, but it's a cunning effort to hit universities, esp. elites, where it would really hurt -- in their labor force.
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The universities have an obvious counter that nobody has suggested, perhaps because it's too awful to contemplate: lower tuition.
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Harvard, for example, costs five zillion simoleons a year. Tuition waivers being taxed would gut them.
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But Harvard's endowment is so colossal at his point that they could literally go tuition-free *and still make money.*
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Extreme example; not every university could do that. Maybe they can cut back on $300 million fitness centers and $7 million locker rooms.
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Same problem hospitals have: you can't sell those things back for capital. They might as well have invested in Pokemon cards.
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. Banned in Sweden. SubGenius, Zhuangist, white-hat troll. Defrocked mathematician. Brain problems.