TAKE FROM THE RICH, GIVE TO THE LESS RICH

Lefties are all for sharing wealth, right? Well then, they should share:

It’s time for an egalitarian revolution. Liberal professors at Harvard, Princeton, Amherst, and Williams should follow the principles they proclaim and strongly support action to end campus disparities by redistributing educational wealth.

Congress should pass, and President Bush should sign, a hefty and progressive tax on large per student endowments. The funds should be transferred to poorer schools. The same tax should apply to future gifts from alumni.

And why stop there? If redistribution is good, the same concept should apply within universities. Why should the law schools at George Washington and Georgetown live in splendor just because their alumni make more money than theology or economics or anthropology majors? The wealth of these law schools should be transferred to poorer departments. Particularly economics!

Professors at rich schools will splutter that such taxes will sharply reduce incentives for alumni to make gifts. Are we to believe that graduates of Yale are so narrow-minded and selfish that they only want to help Yalies? Surely Yale, Princeton, Williams, and Grinnell alums will give just as freely knowing that their gifts are helping students at poorer schools, particularly since they were taught primarily by liberal professors devoted to income redistribution.

It ain't gonna happen.