"Massachusetts lawmakers want to change that. State legislators are considering a groundbreaking bill that would impose a 2.5 percent annual excise tax on private college and university endowments that are larger than $1 billion. The resulting $2.5 billion raised each year would be more than enough to cover the tuition of every undergraduate student currently attending public colleges and universities in the state."
The chances that they would use that to cover undergraduate education is pretty low. Would 100% go towards other political causes - I have little faith in our political class doing that or using it effectively.
The chances that they would use that to cover undergraduate education is pretty low. Would 100% go towards other political causes - I have little faith in our political class doing that or using it effectively.