Cash-Strapped Connecticut Wants to Tax Yale Endowments

From Bloomberg News via H/T at Instapundit:

Yale University’s endowment earned $2.6 billion in investment gains in fiscal 2015. A proposed bill in the Ivy League school’s home state of Connecticut is eyeing a share of the bounty as a source of revenue. Schools with funds of $10 billion or more — affecting Yale only — could face a tax on endowment income, according to legislation introduced this month. Yale’s record $25.6 billion fund is the second largest in U.S. higher education, behind Harvard University’s $37.6 billion.

This seems fair. Look at all the other schools that have less. Fight inequality!

Fresh popcorn for all! It will be fun watching different liberal sacred cows fighting each other for funding.