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The Homeschooling Revolution



October 10, 2007

Why a Rich College Gets Richer and Other Tales

Mr. Dave Keenan has been fighting the town government of Amherst, Massachusetts, for several years, over the "dirty-dirt" underneath the house he purchased for $2500. He just forked over $63,000 in back taxes (and other expenses) to the town.

To mark the occasion, these cheeky signs were made and hung on his "shack."

Coincidentally, he lives on the street named after Daniel Shays, the rebel farmer.

Blogger Larry Kelley reminds readers of three entities in Amherst who will never get hauled into Housing or Land Court for not paying taxes. Two are educational institutions, and one of those has a multi-million dollar endowment.

Ironic, how the Amherst College trustees are terribly principled about divesting in companies that broker deals with the Sudanese government, but are downright nonchalant about finding solutions to bring relief to the cash-poor homeowners in the community where their precious school is located.

The inequity is enough to make Captain Shays twirl in his Sparta, New York grave.

Update: Larry reports that the Amherst College endowment is actually 1.3 billion. What was it that Ron Paul said last night on that Wall St. Journal debate? Oh, yeah: "That's why you have more billionaires than ever before. Today, this country is in the middle of a recession for a lot of people. Michigan knows about it. Poor people know about it. The middle class knows about it. Wall Street doesn't know about it. Washington, D.C., doesn't know about it."

Neither does A.C.

Another Update: The Harvard endowment is $34.9 billion! Visualize all the tax-free property that chunk of change buys.

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