Comment Re:"Get as many credit cards as you can..." (Score 1) 1032
In this case, the concepts would likely overlap.
Taxing large endowments would cause wealthy universities to slash financial aid and charge more tuition. Harvard doesn't even charge tuition if your family is middle class (less than ~$125 income) or lower because it has a huge endowment and can afford those kind of things. For profits have no endowment and charge almost everyone full freight. Hardly the desired result. Most of the really bad universities out there (the ones that don't get graduates jobs) don't have huge endowments.