ST Alpha - "Per the Chronicle of Higher Ed, here are the schools impacted by the 1.4% endowment tax (yes, linking through my twitter) -- (link)" (Reading a Post)

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Per the Chronicle of Higher Ed, here are the schools impacted by the 1.4% endowment tax (yes, linking through my twitter) -- (link)

Posted by MDH (aka MDH) Nov 3 '17, 07:41

(No message)

Linked. (twitter.com)

Responses:

damn, those first 4 have a combined endowment of $100B -- nm - decline Nov 3, 07:49
[deleted]
First I'm hearing about this proposal and on the surface, I don't hate it. -- nm - Name Withheld by Request Nov 3, 07:43 38
- I would be much more comfortable with it if it were the excess investment income over what they spend, instead of all their net investment income. - znufrii Nov 3, 08:12
- [deleted] 10
  - Revenue generation. - Name Withheld by Request Nov 3, 07:49 9
    - [deleted] 8
      - This isn't robbing the local State U of school supplies Jack. These endowments have experience exponential growth in the last 25 years. - Name Withheld by Request Nov 3, 08:02 7
        
        [deleted] 6
        
        I would much rather take the equivalent revenue from this source than many other tax sources. - Name Withheld by Request Nov 3, 08:08 5
        
        they absolutely expected huge endowments. Maybe not tens of billions, but billions are not outlandish. -- nm - mafic Nov 3, 08:17 3
        
        Go on... I'm open-minded. -- nm - Name Withheld by Request Nov 3, 08:25 2
        
        The only university I really know about is the one I went to. It has an annual operating budget of around $500million. - mafic Nov 3, 08:46 1
        
        I was thinking far longer back than when you or I were going through our schooling. But Roger's post on B1 actually makes a good example here. -- nm - Name Withheld by Request Nov 3, 08:58
        
        [deleted]
- Could you explain why? Just curious. -- nm - MDH Nov 3, 07:47 25
  - Revenue generation from a source that would result in low to minimal impact. -- nm - Name Withheld by Request Nov 3, 07:50 24
    - Plus in a vacuum, why shouldn't they pay tax on investment income? -- nm - Roger More Nov 3, 07:58 21
      - [deleted] 4
        
        For sure there's a political dimension to it, and I think that's really what's driving the objections (why tax this thing you don't like, but not - Roger More Nov 3, 08:09
        
        I agree that coming from who it is coming from adds a layer of suspicion. My comments are more directed towards the endowment policies in general. -- nm - Name Withheld by Request Nov 3, 08:06 2
        
        [deleted] 1
        
        All I had for details when commenting was 1.5%, $100K/student and 140 institutions. -- nm - Name Withheld by Request Nov 3, 08:16
      - Seriously! -- nm - Hedge Funds Nov 3, 08:01
      - Chairtable organization, funds used for those purposes -- nm - MDH Nov 3, 07:59 14
        
        They're not really charitable orgs though, they're educational institutions. - Roger More Nov 3, 08:04 13
        
        [deleted] 12
        
        Because students at Princeton, Harvard, Stanford, Yale etc on average come from families with above average incomes - Roger More Nov 3, 08:18
        
        College demographics are a pretty well-defined measurable at this point. Sure, lower-income kids attend too, but "Mom and Dad went to college" is... - Name Withheld by Request Nov 3, 08:11 10
        
        [deleted] 8
        
        A university would have less money for a lot of things tho. If getting lower income students is so important, would they make the cuts in those areas? -- nm - Roger More Nov 3, 08:19 7
        
        [deleted] 6
        
        I think cuts would have a lumpier impact - eg a university might decide not to build a new building, but extend the life of an old one by a few years - Roger More Nov 3, 08:38 1
        
        [deleted]
        
        "The trends are reversing over the last 20 years..." Are you sure about that claim? Not saying "Aha, you're wrong!" but it isn't what I've seen/read. -- nm - Name Withheld by Request Nov 3, 08:29 3
        
        [deleted] 2
        
        So what's the percentage of low-income freshmen is Yale citing? -- nm - Name Withheld by Request Nov 3, 08:48 1
        
        [deleted]
        
        A down and dirty Google search just found this UCLA study from 2007 that cited 2007 freshmen came from families with 60% higher family incomes. -- (link) - Name Withheld by Request Nov 3, 08:13
    - [deleted]
    - Decreasing college funds, and less used for student aid... -- nm - MDH Nov 3, 07:52

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