As expected, there were a lot of hot takes after the Senate passed the Tax Cuts and Jobs Act and sent it on to President Trump for his signature. What we didn’t expect was a bunch of moaning from Harvard University, a school with an endowment hovering around $38 billion.
The new tax on university endowments will weaken financial aid, faculty and research initiatives, and other institutional programs that support students, professors, and medical and scientific studies https://t.co/FZtxYba4wM
— Harvard University (@Harvard) December 21, 2017
Won’t someone think of the Ivy League!
world ends, ivy hardest hit https://t.co/UIHDAZ5sNg
— James Taranto (@jamestaranto) December 21, 2017
You charge $45,000 in tuition. https://t.co/TNXjgf2AM8
— neontaster ? (@neontaster) December 21, 2017
Why don't you use some of your giant pile of cash for those things? For those who don't know, Harvard is sitting on nearly $40 billion in equity, largely as a result of government contracts and subsidies: https://t.co/XJrouxZfav
— Confiscated Coat?? (@CoatConfiscated) December 22, 2017
Your current endowment could pay for almost 800,000 years of tuition…you guys gonna help out a bit or nahhhh?… pic.twitter.com/rvZcLuo98p
— DavidSantaCarla (@MaggotsMichael) December 21, 2017
For years @EasterbrookG has been pushing for this. If they spent that $38 billion endowment on the students, that's $3.65 million per graduate/undergraduate student, enough for full tuition for 84 years, and that's ignoring any interest.
— Derek Ramsey (@ThyRamMan) December 21, 2017
Your President was compensated over $1,000,000/yr (and has been for a while), and your current endowments are in excess of $35 billion dollars.
And you want me to feel bad about my family getting a tax break?
Go screw yourself.
— Grinchbot (@grinchbot) December 21, 2017
How much is your President paid?
Found your problem. pic.twitter.com/4RjkEhbumM
— Lunar Explosion ? (@Lunaseesall) December 21, 2017
Isn't your endowment $35 billion? *Checks Google* yeah, you're fine.
— Shane Sexton (@ShaneSexton07) December 21, 2017
Haha. Sure. Doesn’t your endowment have BILLIONS? Time to pay the Piper.
— VK (@vjeannek) December 22, 2017
The free ride for Harvard is over. Time to pay your fair share.
— I 69 Science (@Warden_AoS) December 22, 2017
— FIRED WITH CAUSE (@NotchLickKat) December 22, 2017
have a bake sale, return some empties, get a paper route
— Danny Roach (@DannyRoach17) December 21, 2017
Move to the city and learn to code!
— alrightythen (@jeeezelouise) December 21, 2017
What a load of crap. Nobody feels sorry for you. The taxpayers will benefit and they are the ones who attend your shitty school.
— ❌yke (@mikeohio2323) December 21, 2017
Your run of overcharging for a lousy education by liberal frauds is coming to an end. Drop your price or drop your pants. https://t.co/0guN16xyI8
— ☠Problematic AF™, Laughing at the U.N.☠ (@EF517_V2) December 22, 2017
You could lower your tuition, but I imagine that would be going too far.
— ProudMexicanAmerican (@mexicounidense) December 21, 2017
You are a hedge fund with a university student subsidiary.
— motionview (@motionview) December 21, 2017
— Crille (@C_von_Godel) December 21, 2017