• disguy_ovahea@lemmy.world
    link
    fedilink
    arrow-up
    1
    ·
    10 days ago

    What’s the point of sitting on a $53B endowment if you’re not going to use it? Losing $9B in contracts to fight fascism is worth every penny.

    • j0ester@lemmy.world
      link
      fedilink
      arrow-up
      0
      ·
      10 days ago

      Donald Trump proposed taxing large private university endowments as part of his 2024 election campaign.

      This tax aims to fund the creation of the “American Academy,” a new institution designed to provide free, high-quality educational content. The tax would target excessively large endowments, collecting billions of dollars to support this initiative

      This proposal is part of a broader effort to reshape higher education and address political controversies within universities. The tax on endowment investment income could significantly impact universities with large endowments.

      • sgtgig@lemmy.world
        link
        fedilink
        English
        arrow-up
        2
        ·
        10 days ago

        This just sounds like they’re going to contract PragerU to rebrand their videos and then someone will pocket billions of dollars.

      • FauxLiving@lemmy.world
        link
        fedilink
        arrow-up
        1
        ·
        8 days ago

        It’s just how he’s going to get around the prohibition on bills of attainder.

        They only need to create law that can be arbitrarily enforced and then enforce that law on your enemies.