By Zebulon Pike | October 21, 2008




The country has fallen on difficult economic times... unless, of course, you're a member of "big academia":

Princeton University's endowment earned a 5.6 percent return for the 12 months ended in June, growing to $16.4 billion from $15.8 billion, said Princeton University Investment Company President Andrew Golden, according to a report in the Daily Princetonian.

The report said since the University closed its books for the past fiscal year, however, the endowment has shrunk as a result of what Golden called "unusually volatile" markets. He declined to give an updated figure.

Here's my economic stimulus plan: Divide Princeton's $16.4 billion endowment among each of New Jersey's 8.5 million residents. That's about $2,000 per individual. Pretty good, huh?

Of course no self-respecting liberal will object to this compassionate plan. Senator Obama has openly endorsed massive wealth distribution, i.e., the government taking hard-earned dollars from your paycheck and giving them to someone in the form of a not-so-hard-earned welfare check. Princeton's success is "unfair." These giant endowments afford Ivy League schools an unjust advantage over other universities. Tax them!