Exactly - an entirely arbitrary new tax has been put on the investment income of the universities with the largest endowments, thereby assuring that they will have less to spend on the things that make them great universities, including financial aid. My point is that this discriminates among different types of non-profits, hurts these universities materially while being less than a drop in the bucket of the federal budget and was only pushed by “anti-elitists” to make a political point. Again, no one is arguing to tax the Catholic Church because it’s the biggest in its category of non-profit.