My Irony Meter is Pegged

Facing a $220 million budget shortfall, Democrats in Hartford have proposed taxing the unspent earnings of university endowments with more than $10 billion in assets.  Only Yale’s $25.6 billion endowment—the country’s second largest after Harvard—fits the tax bill.  Yale’s tax-exempt investments earned $2.6 billion last year, eight times more than the University of Connecticut’s $384 million endowment.  Oh, the inequality!

Indeed.  Hartford’s Progressive government plainly thinks that, at a certain point, Yale has made enough money.

No one is safe when progressives run out of other people’s money.

Not even fellow Progressives.

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