<p>I could imagine (as I’m sure many others have recently) a system where the earnings on charitable endowments in excess of $___ billion were taxed. I think the issue with the “Ivies” (including similar institutions) is not that they are training future investment bankers – I doubt any of us wants more helpful government regulation of what or whom universities teach, and in any event at a major university training undergraduates who wind up getting jobs with investment banks is a pretty small piece of the whole – but that some of them have endowments that seem to outstrip any legitimate use in which the public has some interest.</p>