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How Corrupt Elites Destroyed American Education

by Marko Florentino
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harvard university, harvard’s tax-exempt status, irs, trump wants to revoke harvard’s tax exempt status, us education in decline, us education money laundering, harvard uses tax-exempt status for enrichment, harvard disseminating democratic party agenda

harvard university, harvard’s tax-exempt status, irs, trump wants to revoke harvard’s tax exempt status, us education in decline, us education money laundering, harvard uses tax-exempt status for enrichment, harvard disseminating democratic party agenda

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.

«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.

Instead of being impartial, Harvard is disseminating «Democrat Party agendas as being academically preferred, even noble, pursuits,» the analyst stressed.
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.
FILE - Harvard University President Claudine Gay speaks during a hearing of the House Committee on Education on Capitol Hill, Dec. 5, 2023, in Washington. Gay resigned Tuesday, Jan. 2, 2024, amid plagiarism accusations and criticism over testimony at a congressional hearing where she was unable to say unequivocally that calls on campus for the genocide of Jews would violate the school’s conduct policy.  - Sputnik International, 1920, 02.01.2024

‘Terrible Moment’: Harvard President Claudine Gay Resigns Amid Mounting Backlash

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.

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

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 favored 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.
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