3 ms·

Wow. If they think 8% is heavy they should see how much in taxes their janitors are paying

• simonw 5mo ago
  Presumably 0% on their 401k returns, which is the more appropriate comparison point to an endowment.
  • spyckie2 5mo ago
    Respectfully, comparing a janitor's 401k to a $27.4 billion endowment is (very) tone deaf. But yes, the tax goes against "keeping sacred systems sacred" principles and is an opinionated policy against rich entities that the current administration dislikes.
    • simonw 5mo ago
      Yes, it's tone deaf. And comparing tax on an endowment to "tax a janitor pays" is arguing in bad faith.
    • JuniperMesos 5mo ago
      US federal government taxation policy shouldn't treat university endowments as sacred systems.
      • simonw 5mo ago
        And it shouldn't treat them as levers to exact vengeance either.