Remember the good old days?
(media.gab.com)
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I think you overestimate how much professors make. It varies by school, but a full professor would make 1/7 to 1/5 of your estimate.
I don't know about that, after all what is your massive tuition paying for? Even if you don't dorm there, you are still paying a ridiculous amount, and you have to multiply that many times due to the number of students.
They get a lot of money.
You’re eliminating the pension aspect in your equation - they get full salary for life retiring, which is equivalent to saving about 25k/y. So that has to be added to any teacher salary. Then, when you factor in the time off they have, they are all making six figures.