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Presumably 0% on their 401k returns, which is the more appropriate comparison point to an endowment.
by simonw 6mo ago
Presumably 0% on their 401k returns, which is the more appropriate comparison point to an endowment.
- spyckie2 6mo agoRespectfully, 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 6mo agoYes, it's tone deaf. And comparing tax on an endowment to "tax a janitor pays" is arguing in bad faith.
- JuniperMesos 6mo agoUS federal government taxation policy shouldn't treat university endowments as sacred systems.
- simonw 6mo agoAnd it shouldn't treat them as levers to exact vengeance either.