Tax-exempt status is not a right, it is a privilege reserved for entities that society believes are serving the public good.
Entrenched leftists don’t get to decide what the “public good” is — society gets to decide that, and society (which yes, does unfortunately include those peons) is now about to make very clear how they currently value Princeton’s recent contributions to societal division and disfunction.
Anybody who is shocked by an endowment tax has had their head purposely buried in the sand. Princeton was clearly warned by the first 1.4% endowment tax and did not reverse track one iota over the last eight years. Leadership hubris did this to Princeton.
Tax-exempt status is not a right, it is a privilege reserved for entities that society believes are serving the public good.
Entrenched leftists don’t get to decide what the “public good” is — society gets to decide that, and society (which yes, does unfortunately include those peons) is now about to make very clear how they currently value Princeton’s recent contributions to societal division and disfunction.
Anybody who is shocked by an endowment tax has had their head purposely buried in the sand. Princeton was clearly warned by the first 1.4% endowment tax and did not reverse track one iota over the last eight years. Leadership hubris did this to Princeton.