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Presumably 0% on their 401k returns, which is the more appropriate comparison point to an endowment.


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.


US federal government taxation policy shouldn't treat university endowments as sacred systems.


And it shouldn't treat them as levers to exact vengeance either.


Yes, it's tone deaf. And comparing tax on an endowment to "tax a janitor pays" is arguing in bad faith.




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