August 21, 2007
HEY, THEY'RE RIGHT: The rich really are getting richer in the Bush economy:
Harvard University’s endowment earned a 23.0 percent return during the fiscal year ending June 30, 2007. With FY07 being one of the best performance years since the inception of Harvard Management Company in 1974, the overall value of the University’s endowment grew to $34.9 billion. . . . The endowment stood at $29.2 billion on June 30, 2006.
Obviously, this obscene wealth should be subjected to windfall profits taxes.