When I was a kid, my home state of Florida introduced the state lottery, one of the arguments for it was that all profits would go to education.
Of course, what that really meant was that the state could reduce the state contribution to school system by an equal amount.
Harvard says that 100% of the money goes to the students. What that really means is the money doesn't need to come from somewhere else.
Are we to believe that Harvard ("a hedge fund with a university attached to it") couldn't plan for a pandemic, or couldn't have set aside funds for this possibility?
Or (IMO more likely) assumed the government would pay for some of it anyway - private profit, socialized risk.
Of course, what that really meant was that the state could reduce the state contribution to school system by an equal amount.
Harvard says that 100% of the money goes to the students. What that really means is the money doesn't need to come from somewhere else.
Are we to believe that Harvard ("a hedge fund with a university attached to it") couldn't plan for a pandemic, or couldn't have set aside funds for this possibility?
Or (IMO more likely) assumed the government would pay for some of it anyway - private profit, socialized risk.