Perhaps you could clarify your view. Here is my understanding:
* The reason MIT has such a big endowment is because wealthy elites gave MIT money.
* The reason MIT is short on federal funds is because poorly educated voters (working-class) put their man in office.
Since you reflexively believe elites are the big bad, you should be happy with the new tax on big endowments like that of MIT. Soak the rich. Perhaps the endowment tax should go even higher. Power to the people.
* The reason MIT has such a big endowment is because wealthy elites gave MIT money.
* The reason MIT is short on federal funds is because poorly educated voters (working-class) put their man in office.
Since you reflexively believe elites are the big bad, you should be happy with the new tax on big endowments like that of MIT. Soak the rich. Perhaps the endowment tax should go even higher. Power to the people.
Sound about right?