VALDETARO | Cornell Doesn’t Care About Ithaca

Nearly three weeks ago, on Wednesday, October 4th, Ithaca’s Mayor, and Cornell alum, Svante Myrick ’09, presented his proposal for Ithaca’s 2019 budget. Amongst discussion of a property tax decrease, the staffing of the police department and the creation of a new street crew dedicated to improving local road quality, the mayor had some choice words for the institution which he called home for four years. In addition to pointing out that Cornell’s $2.1 billion of tax-exempt properties are equal in value to the value of all taxable properties in the entirety of Ithaca, Myrick stated that “We would be better off if any other Ivy League School were in Ithaca.”

Immediately following this comment, and in a later interview with the Sun, he specifically mentioned that Harvard — our rival in both hockey and use of colors that generally fit the description of ‘red’ — would be better for Ithaca than Cornell currently is. It might seem unfathomable that a Cornell alumnus should invoke the rest of the Ivies, and especially the Crimson, in a positive light. And yet, such is the relationship between Cornell and the city it calls home.

GLANZEL | Reforming the Tax Code

The American tax code is one of the most complex and byzantine bureaucratic structures in the federal government. The tax code currently stands at an eye-popping 9,000 pages and is often considered the most complex system of its kind in the world. To even remotely understand the inner workings of the nation’s tax system requires years of education and training –– making it all but impossible for the average American to comprehend how their taxes are calculated and spent. The sheer size of the nation’s tax code is a hindrance to both greater financial equality and economic prosperity. In terms of income taxes, the nation operates on a “progressive tax” system –– the more money you make, the higher the percentage of your income goes to Uncle Sam.