[longtimegoogler]

These days we seem to be obsessed with tearing down any successful institution.

I am skeptical that redistributing endowments will have a large net positive impact.

That said, I never attended an "elite" institution and have lamented that they are so revered in our society. The German system of higher education where schools are relatively inexpensive and similar in quality seems to incentivize students to attend in order to learn something whereas the main incentive for attending an elite institution is to open doors to high paying careers.