How Taxpayers Are Helping to Finance Harvard’s Capital Campaign
Thanks to its status as a nonprofit organization, the university reaps the benefits of tax deductions for donors, which is a gross misallocation of public resources, writes Kevin Carey.
On the local level, at least as I am told, we taxpayer subsidize Lakeside. Not only is the place “non profit,” Lakeside has authority to issue state bonds! Imagine YOUR mortgage rate if you could offer some Bank tax free benefits and the full credit of the State!