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No endowment grows over time to infinity; that's hyperbole (and impossible). The tax-free status - that's definitely something that could be changed by updatin
by dekhn 1y ago
No endowment grows over time to infinity; that's hyperbole (and impossible).
The tax-free status - that's definitely something that could be changed by updating the laws (legislative). That sounds a lot better than the executive division starving UCLA of funds.
- tgma 1y ago- Infinity is not a number. "To infinity" means grows without bounds (under the current underlying system; now I do agree the system will at some point adjust.) - Politics operates in reality, not ideals. There would never be such a legislation without a forcing function like this.