>> For example, Harvard’s endowment is worth something around $50 Billion. If this year, you assessed a tax on Harvard for $40 Billion, you would leave Harvard

>> For example, Harvard’s endowment is worth something around $50 Billion. If this year, you assessed a tax on Harvard for $40 Billion, you would leave Harvard with a $10 Billion dollar endowment, and enough money to endow four new Harvard caliber schools with $10 Billion dollars each. Who would get to spend the $40B? How would it even be spent effectively? Wouldnt it just end up on an educational equivalent Bridge to Nowhere, Big Dig, or end up contributed to insider Union projects, or end up disappearing alltogether? https://en.wikipedia.org/wiki/Big_Dig https://en.wikipedia.org/wiki/Big_Dig https://en.wikipedia.org/wiki/Bridge_to_nowhere#United_States https://en.wikipedia.org/wiki/Bridge_to_nowhere#United_State... https://nypost.com/2019/02/28/de-blasio-and-co-mayor-wife-have-wasted-1-8b-of-taxpayer-money/ https://nypost.com/2019/02/28/de-blasio-and-co-mayor-wife-ha... https://nypost.com/2019/02/27/mccrays-thrive-initiative-on-track-to-spend-1b-in-5-years/ https://nypost.com/2019/02/27/mccrays-thrive-initiative-on-t...