The American Enterprise

Soak the rich! (Colleges).(the Campus Economist, endowments)

University and college faculties are overwhelmingly liberal in their politics. The faculties of Harvard and the University of California at Berkeley were large contributors to John Kerry's Presidential campaign. The Berkeley faculty gave six times as much to Howard Dean as to George W. Bush. Campus liberalism is particularly pronounced at the most elite and wealthy institutions.

A core value of American liberals is the importance of redistributing wealth from the prosperous to others, through highly progressive taxes and transfer payments. Which leads to a question: If redistributing wealth is a good idea for workers, companies, individuals, and families, then intellectual consistency suggests it should be equally valid for institutions like colleges and universities. …

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