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.