Freeloader University
Yale University has fancy dining halls. They pay no property tax. Local restaurants struggle to compete, but their tax burden makes that hard. "We basically pay one-third of our rent in taxes!" complains Matt West, manager of Koon Thai Restaurant. "Yale is a money-making machine." It is. Many colleges are. Yale has a $31 billion endowment. Harvard's is $40 billion. My alma mater, Princeton, has $26 billion. Yet, these schools also get government handouts and tax breaks. How government rips-off taxpayers and students by subsidizing colleges is the subject of my video this ...