The Trump administration's aggressive stance against elite universities, particularly targeting funding and tax exemptions, seeks to impose steep taxes on substantial university endowments. Congressional Republicans are considering increasing the endowment tax, originally levied at 1.4 percent, potentially to as high as 21 percent. Such moves are framed within the context of promoting fairness by redistributing the wealth accumulated by these prestigious institutions. However, critics argue that taxing these endowments will ultimately diminish the institutions' capacities rather than serve a constructive purpose.
Taxing endowments is likely to weaken elite institutions, not fix them. That's the point.
Taxing the fattest university endowments has long been championed by the political left as a way to get the likes of Harvard and Yale to share their obscene wealth in the name of fairness.
Collection
[
|
...
]