If you click through to the original article, you would find this:
"One is a 1.4% tax on income levied as part of the 2017 Tax Cuts and Jobs Act on endowments larger than $500,000 per student at schools with more than 500 students."
The article doesn't go much farther with this, so I haven't formed an opinion yet.
If you borrow a Billion, the Bank is happy to just take 50 Million/year in interest, but if you just borrow 10 Grand, 5% is just $500 which (to BofA) is borderline immaterial--they're gonna want you to amortize the loan.
The State Government (which usually thinks it knows better than the citizens) will, most likely, put the Google bucks into the general fund. The Legislature (in 2021) passed a flat rate income tax (wherein a bank chairman pays the same tax rate as a busboy) so the State is looking to plug some holes in its budget.
There has never been a communist government: Communism was always a *goal* of some "socialist" regimes and the longer the regime was in power, the further away the goal appeared to be.