[chimeracoder]

> Now, money is fungible so, just like with lottery revenues that are devoted to "education spending" in some states, it could be the case that it won't in fact increase net spending for the designated purpose, since what would have been spent on this purpose will end up being redirected.

The projected revenues from this are way larger than what's currently being spent on that purpose, so in that sense, there's no risk of "redirection" - if the projected revenues come to pass (which is likely, as a tax on an endowment is pretty easy to forecast) then it will result in an increase in funding for that purpose.