Donald Trump’s push to revoke Harvard’s tax-exempt status is a long overdue move, as greed is undermining education, argued Wall Street analyst Charles Ortel.
US President Donald Trump is coming for Harvard’s tax-exempt status — and it’s about time, according to Ortel.
Greed
“Harvard has strayed far beyond its mission of ‘education’ to let its faculty and administrators engage in hybrid pursuits where the Harvard brand name is used to build economic fortunes, including for its trustees,” the Wall Street analyst told Sputnik.
Blatant Partisanship
Instead of being impartial, Harvard is disseminating “Democrat Party agendas as being academically preferred, even noble, pursuits,” the analyst stressed.
Plagiarist at the Helm?
A telling symbol of the university’s decline is the scandal surrounding former Harvard President Claudine Gay, who was exposed as a serial plagiarist by the Washington Free Beacon and the New York Post.
Destruction of US Education
“The destruction of excellence in education likely accelerated in 1979… Back then, America’s educational system was rated at the top of the global pile. By 2024, America was down around 40th best in some credible surveys,” Ortel said.
Education Scam in the US:
- Tenured professors do little teaching and focus on for-profit ventures
- Bloated administrations are “wildly over-paid”
- The “peer-review” process has allowed low-quality studies to flood once-respected academic journals
Financial Armageddon?
If tax perks are removed, Harvard could face:
- No tax breaks on donations
- No tax-free bonds for improvements
- Loss of property tax breaks worth over $450M
- Up to $800M/year in endowment taxes
$3.3 Trillion Tax-Exempt Powerhouse
For over a century, US lawmakers have carved out tax breaks for favoured groups, helping grow a $3.3 trillion tax-exempt nonprofit sector, Tax Foundation noted in 2024.
Harvard is part of this money-grabbing bonanza, Ortel concluded.
Image credit: Emily Karakis
I think they have destroyed education around the western world.
I wonder what their end goal is with this across the board destruction .
How does a collapse benefit the elites?
By collapsing the existing system the people will be willing for change and therefore accept the new world order.
How to implement change disrupt the present system.
There is no doubt we are in a period of transition and not for the better of the average westerner who is sleep walking oblivious to what’s going on.
Sounds similar to UoA, (NZ labour party, propganda division).
Educational institutions lost credibility when they bacame businesses. After that they were corrupted by political interest.
Education in NZ is a business here too.
Universities used to be free. Today rather than make a huge profit, they invest say 10% deposit in a building or stand alone house, 2 flat property, rent it out as student accommodation. Students pay rent and overtime students pay it off. The profit goes to the university.
Because of the downturn, Wellingtons Victoria sold off about 30 houses a year or two ago.
You would think its all about education when its all about money.
Harvard, Stanford, Columbia …ALL of these J3wi$h-run ‘Ivy League Schools’ are run and managed like multi-faceted complex Zionist businesses and associated / affiliated Corporate Trusts.
The few people I had dealings with in the U.S. who attended these …'(mental) Institutions had over-inflated egos, were arrogant, and always threatened lawsuits if they were confronted or challenged on their policies.
Hitler’s architect, the highly-gifted and intellectual Professor Albert Speer insisted that his children first learn a trade, and once certified, then go on to higher education. This makes sense from the aspect of beginning a pay packet which will be used to fund advanced University studies. Result; no student debt, and a greater sense of individual accomplishments.
Speer noted during his tenure as a Professor of Architecture that what most of the youth coming thru University programs of that time frame exhibited a false sense of importance (delusions of grandeur…) were, rude and intellectually arrogant.
Learning a trade related to future Uni studies allowed for gainful self-confidence and a method of falling back on a skill.
I’ve read all of Speer’s published works, and he admitted that he was guilty of employing camp labour (slavery) in achieving some remarkable achievements that prolonged the war, but just imagine what his motivation, focus and outcomes that he achieved from his given tasks might have been if World War Two hadn’t crashed everything!
Speer and Aleksander Solzhenytsyn were great men of their generation, one prolonging the war, and the other suffering at the hands of the Soviet Gulag System under Zionist / J3wi$h rule from 1917 – 1989!