MORE ON HARVARD AND “ENDOWMENT INEQUALITY” IN HIGHER EDUCATION: An Obscene Use of $400 Million. “I have been a college president for over a decade now. During my career I’ve not shied away from using the bully pulpit to address a number of issues. This includes questioning obscene gifts wealthy individuals have given to obscenely wealthy universities that primarily serve an obscenely wealthy student body.”

This is why I am proposing a federal excise tax on “excessive” university endowments, with the proceeds to be redistributed to those less-fortunate institutions that didn’t win the endowment lottery. Because it’s better for everybody when you spread the wealth around, right? The very wealthiest institutions shouldn’t mind paying a little bit to help the deprived. Is there a member of Congress with the guts to introduce this bill?