Liberal Connecticut May Raid Yale’s Endowment For Much-Needed Cash | Viewpoints of a Sagitarrian

Progressives taking spread the wealth to a whole new level.

The Libertarian Republic by Blake Neff

 

Connecticut’s cash-starved government is considering raiding the endowment of Yale University in an attempt to plug a growing budget hole.

A bill introduced to the Connecticut Senate would tax the annual gains of any college endowment valued at over $10 billion. The high threshold effectively singles out Yale, as no other schools in Connecticut even come close to having an endowment that large. Yale’s endowment of about $26 billion is the second largest in the country, behind only Harvard University’s gargantuan $38 billion nest egg.

If passed, the bill would be the first law of its kind at either the state or federal level.

Yale would be able to avoid the tax hit, but only if it dedicated all of its endowment gains to its educational mission rather than reinvesting its gains back into the endowment.

Connecticut needs money because of a rapidly-growing hole in the state’s budget that lawmakers are desperate to fill. The state has a current budget shortfall of $266 million[…]

Continue Reading — Liberal Connecticut May Raid Yale’s Endowment For Much-Needed Cash

Besides, Yale’s chickens returning home to roost, anyone who objects will be immediately set upon by rabid Progressive brown shirts, accused of microaggressions and ordered to check their privilege.

The backroom rationale will be that the students are being indoctrinated not educated so there.  After all, why fund an education that no one is receiving.

Who didn’t see this coming.

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