The hoarded tax Labor won’t touch

The $5 billion Higher Education Endowment Fund announced in last night’s Budget has given the government what it has long lacked in higher education – an iconic policy. University leaders have been fulsome in their praise, and the media coverage has been overwhelmingly positive.

It fits into a pattern I noted last month of some of the most attention-grabbing things in higher education happening almost by accident. I can’t now find his analysis on Crikey’s hard-to-navigate site, but I think Sinclair Davidson had it right this morning – the Higher Education Endowment Fund is less about a government change of heart on higher education than their desire to stash the proceeds of excessive taxation somewhere Labor won’t be able to get it without significant risk. Like an evacuating army, the Coalition is setting political booby traps in the edifices it might leave behind.
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