The issue is not really that they discriminate (which is bad). But the fact that they have arbitrarily made this into a Zero Sum Game.
Why an organization with 30 BILLION in endowment cannot admit more than 2000 eighteen year olds baffles me. If you want to admit more POKs then increase the class size and hire more professors with that vast amount of money.
I realize places like Yale try to be like old, exclusive country clubs. But if that’s the case then they should be taxed on that money.
The whole idea of an institution being "elite" is that it restricts access. The smaller the % of applicants to make it through, the more prestigious the placement. It's a high-end night club with VIP access for the rich, famous, and the connected. And with a long line outside the door to signal that many are fighting to get in.
Elite universities are luxury brands, and by definition a product is no longer a luxury if everybody gets one.
If you just want a quality education, you can get it anywhere else. What people are complaining about here is that don't get to access an intentionally carefully-restricted item.
I'm not going to be writing to my senator because you don't get to drive a Lamborghini. Get in a Corolla like the rest of us, you'll be just fine.
>I realize places like Yale try to be like old, exclusive country clubs. But if that’s the case then they should be taxed on that money.
How would this be enforced? That private universities can't get tax exempt status if they don't spend a certain % of their net assets each year? Doesn't this effectively penalize organizations operating on an endowment funding model?
Why an organization with 30 BILLION in endowment cannot admit more than 2000 eighteen year olds baffles me. If you want to admit more POKs then increase the class size and hire more professors with that vast amount of money.
I realize places like Yale try to be like old, exclusive country clubs. But if that’s the case then they should be taxed on that money.