The new bill sets up a three-tiered system: Private colleges with more than 3,000 students and an endowment per student of $500,000 to $750,000 will pay 1.4%. Those, like Penn, with $750,000 to $2 million per student will be taxed at 4%, and those with greater than $2 million per student, 8%.
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I guess it’s good that they got a break, and hope the rest find options to delay payments. After all, 
is the poster boy for not paying what he owes (especially taxes). Those estimated amounts for larger colleges and universities should send them all running to find teams of competent, creative accountants.
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Weirdly, this might be unexpectedly good news for women’s colleges (the few that are left) and HBCUs. Especially with the tiered endowment limits, as these colleges & universities don’t have the luxury of massive endowment funds.
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All of a sudden, Harvard is going to have 50,000 students paying $1 per term.
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I can see Harvard restructuring with 50 different semi autonomous colleges under the university- like Oxford? But they pool the management of their endowments.
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I’ve read a few updates about the ongoing (and expanding) boycotts against corporations supporting actions taken by the regime. First they focused on rolling back DEI, then billionaires involved in dismantling democracy (while engaging in obscene displays of privilege), and now companies enabling ICE have joined the list. Even food truck companies are getting backlash. Here’s a video that begins with Amazon’s Prime Day and goes into more detail about the rest:
There’s also news about the countries boycotting the US:
Now I’m wondering if a general strike would work:
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A general strike would be amazing, but I worry there are enough people in precarious situations who can’t take that economic hit. I’m sure mutual help and charity schemes are going on, but I doubt they’re robust enough to deal with that sort of influx…
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Agreed, there will be some who cannot join in for financial reasons. For others, it might be a matter of preparation - depending on the duration. This describes one-day or two-day events (different from boycotts or prolonged actions taken by unions and other groups of workers sending a message to employers):
If the majority of people can handle a day or two, that could send a powerful message to TPTB.
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Oh I agree, I’m more worried about the undeserved repercussions and revenge which will come after.
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Here’s a crazy idea: just make med school free. California could tuck that into their G7-level state budget like a grain of sand under I-5. Fund it with a tax on Health Insurance and hospital CEO’s income…
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I’m sure this will result in a wave of conservative political commentators bloviating endlessly about “JuDiCiAL oVeRrEaCh!” and the powers of the unitary executive.
Right? … Right?
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But, that might imply that people refuse to learn from history! @mindysan33, surely this is cannot be!
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Here’s an interesting discussion called “Makers, Takers & America’s Wealth Distribution Problem” on The Weekly Show with Jon Stewart. It includes policies, inequality, progressive capitalism, governments being pro-worker vs. pro-corporation, alternatives for better balance / options for workers instead of exploitation, and more:
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