Posted on 05/09/2008 4:38:21 PM PDT by drbasketball
How do you get a Harvard prof to come out against a tax? Propose taxing Harvard.
In the latest debate over gas taxes, Harvard Professor and best selling author of economic texts, Greg Mankiw came out in favor of even HIGHER gas taxes...This morning the Harvard prof woke up to read that Massachusetts officials are ” are studying a plan to levy a 2.5% annual tax on the portion of college endowments that exceed $1 billion.”
Mankiw took the whole thing in stride. He proposed that, should the tax be implemented, Harvard should move...
(Excerpt) Read more at nationaleconomist.com ...
Shouldn’t ignore raising gas tax. If we raise gas tax $2.00 per gallon now and dedicate it to oil alternatives, it could prevent us from paying $8.00 per gal in the future to foreign producers. We’d be in better shape if we had done this 30 years ago after the last oil crisis.
Better than taxing all of us, would be govt to remove restrictions on oil companies and give them some tax incentives to drill and build new refineries.
Or...we could just drill and build refineries and not raise any taxes at all....
Sounds good to me!!
While they claim that the students being here means $7 billion for the economy, I think more money goes out to host them in town for an academic year.
Additionally, the property tax base is going down because of college sprawl. Colleges are building non-profit buildings on once residential and business land all over the city.
That activity makes absolutely no sense.
Also, making no sense is other non-profits using once residential homes for their offices --> no taxes!
Furthermore, there has been a large mosque built - no taxes - on land the City of Boston sold to the mosque for $176,000 --> prime land in the City.
The university/college claim of being "non-profit" is one the largest tax-dodge scams in the America. I wonder if those Harvard professors would work for free at Harvard.
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