End US Taxpayer Support for the Higher Education Gravy Train
*** For decades, American institutions of higher education have benefited from extraordinary taxpayer largesse. Federal government grants and other forms of direct taxpayer subsidizations of universities are legion. The federal government itself also has a near-monopoly on the market for economically ruinous student loans -- the very loans that are themselves disproportionately responsible for abetting the modern four-year college's misbegotten status as a necessary rite of passage to achieve the American dream. Capital gains of major university endowments are also taxed at the miniscule rate of 1.4% -- a fraction of the taxation rate to which the endowments would be...