Is this true @GoldieStandard @kfieldCHE @chronicle re: how universities maintain 501c3 standards via tuition/aid levels?https://twitter.com/patrickc/status/1082813415494582273 …
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Replying to @kimmaicutler @GoldieStandard and
You weren’t asking me, but no, the tax code does not care about whether you charge tuition or give scholarships in terms of retaining 501c3 status. The c3 regs are way too lax for any of that to bind.
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Replying to @albrgr @GoldieStandard and
I didn’t see a citation for that
@ConradBastable and if that were true, then the policy fix would seem rather obvious and achievable. Cc@patrickc@justindross1 reply 0 retweets 2 likes -
Replying to @kimmaicutler @albrgr and
Conrad Bastable Retweeted Conrad Bastable
Yeah, that's been the most common critical reading. See thread and responses here:https://twitter.com/ConradBastable/status/1082851587091906560 …
Conrad Bastable added,
Conrad Bastable @ConradBastableReplying to @rishuponastarRebuttal is just the link I put in the comment section: https://news.ycombinator.com/item?id=18793049 … Core difference is a difference in how we view the structure of our laws/government and how mutable they are. Letter of the law not that important to me -- must be my English Common Law heritage.1 reply 0 retweets 0 likes -
Replying to @ConradBastable @albrgr and
You’re imagining a very specific kind of political pressure in a counterfactual world that doesn’t exist rather than providing evidence of an explicit legal requirement incentizing this behavior.
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Replying to @kimmaicutler @albrgr and
Maybe. That's worth a whole essay of its own by someone better than me on legal frameworks. But we live in a Common Law nation, where individual court decisions have tremendous weight. So my view is that the prior court decision inadvertently bounded MIT et. al. by the nature..
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Replying to @ConradBastable @kimmaicutler and
...of their argument (appealing to charity). I don't find it particularly outlandish to think that colleges would view that decision as meaningful and also want to avoid re-litigating in another case. Not all political pressure comes through Congress/Legislature in US.
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Replying to @ConradBastable @kimmaicutler and
I def. could've phrased / structured this argument of mine MUCH more clearly so apologies there. And you might still disagree re: how the current legal & court framework bounds decisions at colleges. But to your point on "explicit legal requirement" -- that was my DoJ section...
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Replying to @ConradBastable @albrgr and
I think the first part of your argument basically is factually incorrect and you should probably retract it. *BUT*
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I think the other argument you’re making — that tax shielded investment returns for elite universities, who hold an almost power law-like share relative to everyone else and which compounds at greater rates, are creating Baumol’s cost disease for everyone else — seems valid.
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