That's the reaction of at least one Yale graduate, the Cato Institute's Walter Olson, to the news that the Connecticut state legislature is reportedly considering imposing a new tax on endowment income of universities with endowments larger than $10 billion.
The morning after he spent the evening as President Barack Obama's hand-picked guest at Tuesday's State of the Union address, Connecticut's Democratic Gov. Dannel P. Malloy awoke to headlines announcing General Electric's decision to relocate the company from suburban Fairfield, Connecticut to Boston's Seaport district.
"We want to be at the center of an ecosystem that shares our aspirations," CEO Jeff Immelt said in a prepared statement.
