Our charitable deduction is regressive & wealthier people get a proportionally larger write-off than lower-income people who give to charity. If charity is supposed to be redistributive, why are we giving a disproportionately large break to a billionaire giving to an elite school
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Replying to @ConnorVO @jacob_anstey
Uh it’s probably a lot more than a few million dollars....
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Replying to @ConnorVO @jacob_anstey
So he can give it and we can decide not to subsidize it and we can also generally contemplate and debate the inequitable reality that American higher education costs substantially more and indebts young people more than in other industrialized countries and that a few elite
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Schools can reduce that burden just because they happen to have billionaire alums, whose wealth creation has been augmented over the last generation relative to middle class Americans through the 1986 and 2017 tax bills.
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As recently as a generation ago, higher education in California at all levels from community college to the UCs was basically tuition free. Imagine that. >3M students every year getting college for free. Thats scale. That’s impact. That’s real investment in human capital.
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Replying to @ConnorVO @jacob_anstey
I can’t really help you if you’re factually wrong.
@UofCalifornia, a public system, graduates eight times as many low-income students as the entire Ivy League. https://www.universityofcalifornia.edu/news/how-uc-serves-low-income-students … https://www.nytimes.com/interactive/2017/01/18/upshot/some-colleges-have-more-students-from-the-top-1-percent-than-the-bottom-60.html …1 reply 0 retweets 0 likes
Johns Hopkins admits 1,300 freshmen a year.
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