Thursday, May 04, 2006

Obscene Profits!


Except these obscene "profits" go to Greedy Professors instead of shareholders.
No problem for the MSM. They only attack tax paying institutions.
HUMAN EVENTS ONLINE - Tuition Soars Due to Knowledge Shortfall by Ann Coulter:
It seems like a summer ritual. Rising professors' salaries mean rising tuition prices. But this year, sticker shock at the tuition window is fueling more concern than ever. And it has many people asking where is it going to end?

JAMIE COURT, CONSUMER RIGHTS ADVOCATE: Every time you see the price of tuition go up, you can hear 'ka-ching, ka-ching' in the bank accounts of the college professors.
That's how oil company profits are reported. Why not subsidize the oil companies, which provide a product essential to allowing 300 million Americans to live, and put a cap on the price of college, which seems designed to turn out more liberal parasites on the productive?
As economist Richard Vedder of Ohio University has demonstrated, every time the government subsidizes college tuition through tuition tax credits, college tuition rises by the precise amount of the tuition tax credit.
How about investigating the 'shameful display of greed' by college professors? "

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