<p>We should definitely not be taxing these institutions, no matter how wealthy they are. A lot of the revenue they receive from the endowment (in interest) goes towards extending programs which ultimately leads to the creation of more jobs. Communities not only benefit from the new jobs, but also from the programs themselves (which are often open to the community). For example, rural communities would not have access to world class theatre and performance art which is brought into town through the school. In addition, if you look up any ranking of the best hospitals in the country, university hospitals are always among the best. Financially, many other hospitals struggle, but because universities have access to vast resources, they often give the highest quality medical care, as well as develop and implement some of the most cutting-edge techniques and procedures.</p>
<p>I feel that the freedom that our country has given to our universities is what has enabled them to be among the best in the world. Because of this, we continue to benefit by being able to recruit the best and brightest students and professors from other countries. Undoubtedly, we all benefit from the success of our universities.</p>