• j0ester@lemmy.world
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    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
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      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
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      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.