Let's play a game, Senator.
🏦 Private foundations with tax-exempt status currently have a wealth stockpile just north of $1.86 TRILLION.
In 2024, they disbursed about $110B, or roughly 6%. Per IRC Section 4942, the legal minimum annual disbursement is barely less than that, at 5%.
🏛️ American universities control an estimated $840-875 BILLION in wealth.
Of all American universities, only 144 have endowments with $1B or more in assets, or 86% of all wealth controlled by uni endowments.
Harvard (where you were a highly-compensated "diversity" hire) is far and away the largest endowment at $57B.
So...
Isn't it curious that you aren't getting on your high horse to demand that a vastly larger pool of untaxed multi-generational wealth isn't paying for "child care for all three and four year olds in America"?
If we're going to have this discussion, let's go all the way with it.
If Elon Musk paid my ultra-millionaire wealth tax, we could pay for child care for all three and four year olds in America.