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Reply to "Why are people mad that kids of principal donors are institutional priorities?"
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[quote=Anonymous]Trickle-down economics / Reaganomics, as we all know, did not really work in practice and exacerbated wealth inequality. Evidence suggests that wealth often stays at the top rather than trickling down to workers through increased wages. The same idea applies here. When the ultra-wealthy donate massive sums to already wealthy universities, who can assure that the money will "trickle down" to disadvantaged families and help increase access to an elite education? Sure, Bloomberg and Johns Hopkins is a notable example. But in many other cases, we aren't so sure how the donation will be spent – sure, it might benefit the institution by creating another research center or revamping athletic facilities. But in my opinion, expanding access and increasing financial aid budgets are far more important than creating yet another lab (which are important, but not top priorities).[/quote]
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