ENDOWMENT DEBATE seeps into the states:

With college endowments a favorite target for politicians in Washington, and many states struggling to find enough tax revenue to make ends meet, it’s almost a surprise that it took state legislators this long to start casting their eyes on colleges’ funds. But it’s perhaps not a shock that if the issue were to emerge anywhere, it would be in Massachusetts, home to the university (Harvard) whose nearly $34.6 billion endowment has become the poster child for higher education wealth. . . .

“Why do we want to tax the poor all the time, but we let off the hook the richest of the rich?” said State Rep. Angelo Scaccia, a Democrat, said during the course of Monday’s debate, according to the Metrowest Daily News. “We’re not going to break them,” he added of colleges’ endowment funds. “We just want a little.”

From each according to his ability. . . .