http://www.foxnews.com/us/2016/03/30/flo...rsity.html

Well that's Florida Governor Rick Scott's hope at least. Apparently, the state of Connecticut is considering taxing Yale's massive endowment in an effort to help some of that state's financial woes. Good luck with that Connecticut - I'm sure Yale has zero lawyers to turn to if the case ever progresses further into the courts.

Do any schools currently get taxed on their endowments? I would think public schools would be the first to be in danger of being taxed.

Obviously a very remote possibility, but from a sports board perspective, I wonder if they'd be able to maintain their Ivy League status. The Ivy travel restrictions would seem to be a problem.

From a Rice perspective, if they could have a Florida member, could they have a Texas member?

My favorite bit from the article:

Quote:The Orlando Sentinel reported that Scott was “perplexed” when he learned that Yale would be rejecting his proposal.

“Why? They’re going to tax their endowment income,” he told the newspaper.

Hmmm, Rick, it is REALLY hard to think of a single reason why an entire university wouldn't move to Florida to evade taxes be levied against their endowment. Yep, can't think of one.

Universities moving campuses used to be more common - TCU used to be in Waco - but once they reach a certain size and establishment, it is much harder.

Seems like it would be easier to move just the administration to, say, Vermont, call that the main campus, and designate the New Haven campus as a satellite campus.

Just goes to show, when one tries to tax big money, big money has ways to fight it, including the option of changing jurisdictions.

(03-30-2016 08:58 AM)OptimisticOwl Wrote:  Universities moving campuses used to be more common - TCU used to be in Waco - but once they reach a certain size and establishment, it is much harder.

Seems like it would be easier to move just the administration to, say, Vermont, call that the main campus, and designate the New Haven campus as a satellite campus.

Just goes to show, when one tries to tax big money, big money has ways to fight it, including the option of changing jurisdictions.

So far there is no indication, at least from that article, that Yale has any intention of moving anything.

The article was just about Rick Scott posturing and trying to drum up some publicity like normal.

(03-30-2016 09:17 AM)RiceLad15 Wrote:  

(03-30-2016 08:58 AM)OptimisticOwl Wrote:  Universities moving campuses used to be more common - TCU used to be in Waco - but once they reach a certain size and establishment, it is much harder.

Seems like it would be easier to move just the administration to, say, Vermont, call that the main campus, and designate the New Haven campus as a satellite campus.

Just goes to show, when one tries to tax big money, big money has ways to fight it, including the option of changing jurisdictions.

So far there is no indication, at least from that article, that Yale has any intention of moving anything.

The article was just about Rick Scott posturing and trying to drum up some publicity like normal.

Oh, I know it has no chance of actually happening, unless something drastically changes.

Like taxing the endowment.

Poke a sleeping dog, eventually there will be some reaction.

(03-30-2016 03:08 PM)OptimisticOwl Wrote:  

(03-30-2016 09:17 AM)RiceLad15 Wrote:  

(03-30-2016 08:58 AM)OptimisticOwl Wrote:  Universities moving campuses used to be more common - TCU used to be in Waco - but once they reach a certain size and establishment, it is much harder.

Seems like it would be easier to move just the administration to, say, Vermont, call that the main campus, and designate the New Haven campus as a satellite campus.

Just goes to show, when one tries to tax big money, big money has ways to fight it, including the option of changing jurisdictions.

So far there is no indication, at least from that article, that Yale has any intention of moving anything.

The article was just about Rick Scott posturing and trying to drum up some publicity like normal.

Oh, I know it has no chance of actually happening, unless something drastically changes.

Like taxing the endowment.

Poke a sleeping dog, eventually there will be some reaction.

I can't imagine that the state of Connecticut has poked Yale so much that this is the straw that broke the camels back.

While Yale may not like their endowment being taxed, unless it will be taxed at a significant rate that could do substantial harm to the endowment, I think the fervor from alumni over Yale moving its physical campus from New Haven would far outweigh any negative consequences that the proposed taxation might have.

Can you imagine Rice getting up and leaving Texas because the state wanted to levy a tax on the endowment? I know I would feel extreme ill-will towards my institution if that were the case. If they feel so strongly about it (and nothing I have seen indicates they do) they should fight it, rather than run away from it. Place is a very important part of history, and Yale certainly has plenty of history.

(03-30-2016 03:38 PM)RiceLad15 Wrote:  

(03-30-2016 03:08 PM)OptimisticOwl Wrote:  

(03-30-2016 09:17 AM)RiceLad15 Wrote:  

(03-30-2016 08:58 AM)OptimisticOwl Wrote:  Universities moving campuses used to be more common - TCU used to be in Waco - but once they reach a certain size and establishment, it is much harder.

Seems like it would be easier to move just the administration to, say, Vermont, call that the main campus, and designate the New Haven campus as a satellite campus.

Just goes to show, when one tries to tax big money, big money has ways to fight it, including the option of changing jurisdictions.

So far there is no indication, at least from that article, that Yale has any intention of moving anything.

The article was just about Rick Scott posturing and trying to drum up some publicity like normal.

Oh, I know it has no chance of actually happening, unless something drastically changes.

Like taxing the endowment.

Poke a sleeping dog, eventually there will be some reaction.

I can't imagine that the state of Connecticut has poked Yale so much that this is the straw that broke the camels back.

While Yale may not like their endowment being taxed, unless it will be taxed at a significant rate that could do substantial harm to the endowment, I think the fervor from alumni over Yale moving its physical campus from New Haven would far outweigh any negative consequences that the proposed taxation might have.

Can you imagine Rice getting up and leaving Texas because the state wanted to levy a tax on the endowment? I know I would feel extreme ill-will towards my institution if that were the case. If they feel so strongly about it (and nothing I have seen indicates they do) they should fight it, rather than run away from it. Place is a very important part of history, and Yale certainly has plenty of history.

It is unclear how much the tax rate would be and what would be the basis. A 1% tax on income certainly would not be enough to provoke a move. What about a 5% annual tax on the corpus? 10%? What about 25% on income?

At some point...

so, IMO, it depends on how big the poke is. At some point it gets big enough to make the dog consider reacting. Possible reactions include getting up and moving.

I think we should trade UH for Yale.

(03-30-2016 04:25 PM)OptimisticOwl Wrote:  

(03-30-2016 03:38 PM)RiceLad15 Wrote:  

(03-30-2016 03:08 PM)OptimisticOwl Wrote:  

(03-30-2016 09:17 AM)RiceLad15 Wrote:  

(03-30-2016 08:58 AM)OptimisticOwl Wrote:  Universities moving campuses used to be more common - TCU used to be in Waco - but once they reach a certain size and establishment, it is much harder.

Seems like it would be easier to move just the administration to, say, Vermont, call that the main campus, and designate the New Haven campus as a satellite campus.

Just goes to show, when one tries to tax big money, big money has ways to fight it, including the option of changing jurisdictions.

So far there is no indication, at least from that article, that Yale has any intention of moving anything.

The article was just about Rick Scott posturing and trying to drum up some publicity like normal.

Oh, I know it has no chance of actually happening, unless something drastically changes.

Like taxing the endowment.

Poke a sleeping dog, eventually there will be some reaction.

I can't imagine that the state of Connecticut has poked Yale so much that this is the straw that broke the camels back.

While Yale may not like their endowment being taxed, unless it will be taxed at a significant rate that could do substantial harm to the endowment, I think the fervor from alumni over Yale moving its physical campus from New Haven would far outweigh any negative consequences that the proposed taxation might have.

Can you imagine Rice getting up and leaving Texas because the state wanted to levy a tax on the endowment? I know I would feel extreme ill-will towards my institution if that were the case. If they feel so strongly about it (and nothing I have seen indicates they do) they should fight it, rather than run away from it. Place is a very important part of history, and Yale certainly has plenty of history.

It is unclear how much the tax rate would be and what would be the basis. A 1% tax on income certainly would not be enough to provoke a move. What about a 5% annual tax on the corpus? 10%? What about 25% on income?

At some point...

so, IMO, it depends on how big the poke is. At some point it gets big enough to make the dog consider reacting. Possible reactions include getting up and moving.

I think we should trade UH for Yale.

At some point it does - but being that these are the first talk, not action, that has been brought up about the state taxing the endowment, I find it literally unbelievable that Yale is contemplating a move to another state.

Which just reinforces how awful Scott is, because he made something that wasn't a thing, a thing, just so he could have some time in the spotlight.

(03-30-2016 04:39 PM)RiceLad15 Wrote:  

(03-30-2016 04:25 PM)OptimisticOwl Wrote:  

(03-30-2016 03:38 PM)RiceLad15 Wrote:  

(03-30-2016 03:08 PM)OptimisticOwl Wrote:  

(03-30-2016 09:17 AM)RiceLad15 Wrote:  So far there is no indication, at least from that article, that Yale has any intention of moving anything.

The article was just about Rick Scott posturing and trying to drum up some publicity like normal.

Oh, I know it has no chance of actually happening, unless something drastically changes.

Like taxing the endowment.

Poke a sleeping dog, eventually there will be some reaction.

I can't imagine that the state of Connecticut has poked Yale so much that this is the straw that broke the camels back.

While Yale may not like their endowment being taxed, unless it will be taxed at a significant rate that could do substantial harm to the endowment, I think the fervor from alumni over Yale moving its physical campus from New Haven would far outweigh any negative consequences that the proposed taxation might have.

Can you imagine Rice getting up and leaving Texas because the state wanted to levy a tax on the endowment? I know I would feel extreme ill-will towards my institution if that were the case. If they feel so strongly about it (and nothing I have seen indicates they do) they should fight it, rather than run away from it. Place is a very important part of history, and Yale certainly has plenty of history.

It is unclear how much the tax rate would be and what would be the basis. A 1% tax on income certainly would not be enough to provoke a move. What about a 5% annual tax on the corpus? 10%? What about 25% on income?

At some point...

so, IMO, it depends on how big the poke is. At some point it gets big enough to make the dog consider reacting. Possible reactions include getting up and moving.

I think we should trade UH for Yale.

At some point it does - but being that these are the first talk, not action, that has been brought up about the state taxing the endowment, I find it literally unbelievable that Yale is contemplating a move to another state.

Which just reinforces how awful Scott is, because he made something that wasn't a thing, a thing, just so he could have some time in the spotlight.

yeah, this is the first whiff of a problem. Twenty years hence, it may set off the smoke alarm.

I would certainly expect Yale to use its influence in government circles first. Moving would be an action of last resort.

But not totally unthinkable. I've certainly seen stranger things happen.

How about just moving one state over by spending some of that endowment money to annex Brown University?

Actually, a reverse merger of some sort is probably the easiest way to deal with this. "Establish" the main registration in a different state, but maintain the traditional campus in Connecticut. Kind of like a state system, but in the private university world, and with the entire US as the palette.

Long way to go on this one - if it ever happens.