Time for Harvard to Move?
Greg Mankiw's Blog (Free subscription) | 05/09/2008
The Wall Street Journal reports one of the most pernicious ideas I have heard of late: Massachusetts legislators, demonstrating a growing resentment against the wealth of elite universities in tight economic times, are studying a plan to levy a 2.5% annual tax on the portion of college endowments that exceed $1 billion. The effort takes aim at one of the primary economic engines of the state, which...
