Ed

Those colleges will pay 21% on net investment income up from 1.4%. Again, I think that's great. And- It targets what we've talked about. And spend it. Spend your endowment. Spend it. Exactly. Bring it down. The only trouble is they also go after the less wealthy colleges, too. So if you have an endowment of $750,000 per student, your taxes are also going up.

And then the other thing that I think is bad is that for whatever reason, they're exempting religious schools. And I assume they're just kind of throwing meat to the evangelicals where it's like, oh, you guys, we like you. You're not— Harvard and Princeton. So you guys don't have to pay taxes.

And then the other thing that I think is bad is that for whatever reason, they're exempting religious schools. And I assume they're just kind of throwing meat to the evangelicals where it's like, oh, you guys, we like you. You're not— Harvard and Princeton. So you guys don't have to pay taxes.

And then the other thing that I think is bad is that for whatever reason, they're exempting religious schools. And I assume they're just kind of throwing meat to the evangelicals where it's like, oh, you guys, we like you. You're not— Harvard and Princeton. So you guys don't have to pay taxes.

Yeah, and we're going to do that so that we don't have to pay taxes. It's weird. Anyway, the outcome I actually think is good, but I think they're probably doing it for the wrong reasons, which is, again, they want to own the libs or own the Ivy League schools. But whatever. The Ivy League schools probably have it coming for them. Those are the good things. Otherwise, terrible plan. My God.

Yeah, and we're going to do that so that we don't have to pay taxes. It's weird. Anyway, the outcome I actually think is good, but I think they're probably doing it for the wrong reasons, which is, again, they want to own the libs or own the Ivy League schools. But whatever. The Ivy League schools probably have it coming for them. Those are the good things. Otherwise, terrible plan. My God.

Yeah, and we're going to do that so that we don't have to pay taxes. It's weird. Anyway, the outcome I actually think is good, but I think they're probably doing it for the wrong reasons, which is, again, they want to own the libs or own the Ivy League schools. But whatever. The Ivy League schools probably have it coming for them. Those are the good things. Otherwise, terrible plan. My God.

He's had it. Ed Olson. Let's take a look at the week ahead, Scott. We'll see new and existing home sales for April, as well as earnings from Home Depot and Target. Do you have any predictions for us?

He's had it. Ed Olson. Let's take a look at the week ahead, Scott. We'll see new and existing home sales for April, as well as earnings from Home Depot and Target. Do you have any predictions for us?

He's had it. Ed Olson. Let's take a look at the week ahead, Scott. We'll see new and existing home sales for April, as well as earnings from Home Depot and Target. Do you have any predictions for us?

I didn't know that. The perfect example.

I didn't know that. The perfect example.

I didn't know that. The perfect example.

This episode was produced by Claire Miller and engineered by Benjamin Spencer. Our associate producer is Alison Weiss. Mia Silverio is our research lead. Isabella Kinsel is our research associate. Dan Chalon is our intern. Drew Burrows is our technical director. And Catherine Dillon is our executive producer. Thank you for listening to Profiting Markets from the Vox Media Podcast Network.

This episode was produced by Claire Miller and engineered by Benjamin Spencer. Our associate producer is Alison Weiss. Mia Silverio is our research lead. Isabella Kinsel is our research associate. Dan Chalon is our intern. Drew Burrows is our technical director. And Catherine Dillon is our executive producer. Thank you for listening to Profiting Markets from the Vox Media Podcast Network.

This episode was produced by Claire Miller and engineered by Benjamin Spencer. Our associate producer is Alison Weiss. Mia Silverio is our research lead. Isabella Kinsel is our research associate. Dan Chalon is our intern. Drew Burrows is our technical director. And Catherine Dillon is our executive producer. Thank you for listening to Profiting Markets from the Vox Media Podcast Network.

Join us on Thursday for our conversation with Scott Goodwin, only on Profiting Markets.

Join us on Thursday for our conversation with Scott Goodwin, only on Profiting Markets.

Join us on Thursday for our conversation with Scott Goodwin, only on Profiting Markets.

Just okay.