A blog post by Matthew Yglesias ’03 has sparked quite a lively debate about whether Harvard deserves its tax-exempt status. This is all a response to a bill being debated in the Massachusetts legislature to tax college endowments exceeding $1 billion.
Yglesias, a blogger for TheAtlantic.com, starts by quoting another blogger's comparison of Harvard's endowment to "a $40 billion tax-free hedge fund with a very large marketing and PR arm called Harvard University." Comments from site visitors draw in a cornucopia of related issues: tuition, financial aid, admissions policies, the general role of elite universities in society.
You can even add your two cents if you scroll down to the bottom of the page.
![According to an affidavit filed with the U.S. district attorney, Kim told authorities he was “motivated by a desire to avoid a final exam scheduled to be held on [Monday].”](/sites/default/files/styles/16_9_180x101/public/img/article/1213/12.17.13.jpg.avif?itok=gUNDyx9d "According to an affidavit filed with the U.S. district attorney, Kim told authorities he was “motivated by a desire to avoid a final exam scheduled to be held on [Monday].”")
