Column: With a $300-million donation to Harvard, a hedge fund billionaire shows why we need a wealth tax

United States News News

Column: With a $300-million donation to Harvard, a hedge fund billionaire shows why we need a wealth tax
United States Latest News,United States Headlines
  • 📰 latimes
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 82%

'The rich often defend their accumulated fortunes by ostentatiously doing good with the money through philanthropy. Usually, however, what passes for selfless charity is a mask for the rich to fund their personal hobby horses.' Column by hiltzikm:

that this opposition to the tax increase was merely an expression of his civic-mindedness.

Griffin said tax considerations weren’t at issue, but unlike Illinois, Florida has no personal income tax. Since his move, he has become a major financial supporter of Florida Gov. Ron DeSantis. What was striking then, and remains notable today, was the mismatch between the public funding of elite private universities and public support for even the best public universities.placed the discrepancy in stark relief by comparing the implicit per-student subsidy at rich private institutions with the government funding of public colleges in their state.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

latimes /  🏆 11. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

California weighs proposal that would set aside $300 million for low-income schoolsCalifornia weighs proposal that would set aside $300 million for low-income schoolsThe California Legislature is weighing a proposal by Gov. Gavin Newsom to set aside $300 million for low-income schools, but some education advocates say it won't do enough to improve educational outcomes for Black students.
Read more »

National nonprofit reaches $300 million in funds distributed to benefit combat-wounded service membersNational nonprofit reaches $300 million in funds distributed to benefit combat-wounded service membersSemper Fi & America’s Fund, headquartered in California, has marked $300 million given in support of more than 30,000 combat-wounded service members and their families since 2004.
Read more »

German company to invest $300M in Pennsylvania chipmaking plantGerman company to invest $300M in Pennsylvania chipmaking plantMerck KGaA's electronics subsidiary has pledged $300 million toward expansion project
Read more »

California Approved $300 Million In State-Backed Home Loans. Who Got The Money?California Approved $300 Million In State-Backed Home Loans. Who Got The Money?🏠 California lawmakers marketed its new loan program for first-time home buyers as a “Dream For All.” The funds ran out after just 11 days with the average loan hitting $112,000.
Read more »

CA down payment program paused after all $300 million of its funds were allocated in just 11 daysCA down payment program paused after all $300 million of its funds were allocated in just 11 daysThe California Housing Finance Agency set up a loan assistance program called 'Dream for All' in which $300 million was set aside for first-time buyers to help with their down payment. The demand was so high, all the money was used up in just 11 days.
Read more »



Render Time: 2025-02-23 21:58:30