ST Alpha - "This isn't robbing the local State U of school supplies Jack. These endowments have experience exponential growth in the last 25 years. " (Reading a Post)

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This isn't robbing the local State U of school supplies Jack. These endowments have experience exponential growth in the last 25 years.

Posted by Name Withheld by Request (aka BlueKopo) Nov 3 '17, 08:02

These 140 institutions are exactly hurting in any of those areas you cited.

By setting the high threshold ($100K/student) and a low tax rate (1.5% on investment income), unless I'm missing something obvious, that's not a highly punitive measure.

Like I said, this was the first I had heard about the proposal, so there may be other angles involved, but on the surface, the "These are education facilities and we're robbing students here"-type arguments don't really take. Not for this class of endowments.

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[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]

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This isn't robbing the local State U of school supplies Jack. These endowments have experience exponential growth in the last 25 years.

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