"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," -Charles Ortel
By Ekaterina Blinova: 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.
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
Aerial view of Eliot House, an undergraduate residential college of Harvard University, taken from the south
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 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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