VFL-82-JP
Bleedin' Orange...
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Yah, I've heard this argument before, too. Mathematically, it doesn't wash. Here, I'll show you:First of all, per capita income is irrelevant, the majority of donations come from alumni. But when you multiply that per capita income * the population, there's still no comparison.
2nd, A&M is ranked in the top 10 nationwide for public school graduate career income, no other SEC school in the top ten. Vanderbilt is private, their graduates earn more money, yes, but a much smaller alumni base to pull from. Also, these oil & gas people are not the rough necks of the industry. They are the engineers and CEOs of the industry. See Exxon Mobile and Phillips 66 as two more prominent examples.
3rd, The tx law school has created a good ole boy network within a very large state that has made its alumni a who's who of mover and shakers. A lot of money statewide is controlled by that network.
I could go on and on but the point being, both schools have a very deep alumni base to pull donations from.
Remember that your state has an average income per capita. That's key.
But say that average wealth is spread differently than most. Say instead of a bell curve of wealth distribution among Texas and A&M grads, you have a big bulge of fat cat donors. All that extra money has to come from somewhere (remember, as a whole your state is just average): so you have a lot of poor people to balance it out.
Now, let's say your fat cat school has 1,000 fat cat boosters who each give $10k/year to the university, and 100,000 poor fans who can only give a couple of dollars, say $10 per year.
Meanwhile, some other equally wealthy (in per capita income) "normal" school has only 300 fat cats, but a whole lot of middle class you don't have because your fat cats are dicking the curve. So at this other university, 300 give $10k/year, and another 100,000 give $100/year.
Your total? 1,000 x $10k/year +plus+ 100,000 x $10/year = $11M/year.
The other school's total? 300 x $10k/year +plus+ 100,000 x $100/year = $13M/year.
Get it? You can't be middling in per capita income, but still come out ahead because the wealth is concentrated in some fat cats. It won't average out that way.
Anyway, we could do pages and pages on how and why this is true, but your eyes are probably already glazing over. I won't force the issue. Suffice it to say, Texas ain't rich. Texas is average in disposable income, like what people spend on sports.
Go Vols!