Harvard University announced it will not comply with orders from Donald Trump to cut DEI programs and expel students in involved in pro-Palestinian protests.
I don’t think all the people I was telling understand how much money Harvard has.
It’s … Way way more than it appears on paper.
They have, over the last 40 years or so, systematically bought commercial real estate in Boston, left it vacant to devalue the housing property in the neighborhood, then bought houses in the neighborhoods, bulldozed, expanded. They own way more of Allston than people realize. Let’s not even talk about their endowment, which can pay for all students tuition on interest alone.
Here’s a fun one.
42.3580140, -71.1385711
Try and figure out what that building is, who owns it, what it’s for. It’s like 5 acres. In the middle of a major capital city.
Yeah. Good luck. (P.S. it’s Harvard)
Now note proximity to Harvard Stadium.
Harvard runs shit. In broad daylight secrecy. Within a democratic stronghold.
Scott Galloway on YouTube often mentions this on his podcasts. That Harvard and a few others have turned from being a university with money to a private equity fund with some students.
Let me guess and you guys support these billionaires who pocket student money, correct? Just because it looks like it’s fighting another of your imaginary enemies?
Donald Trump proposed taxing large private university endowments as part of his 2024 election campaign.
This tax aims to fund the creation of the “American Academy,” a new institution designed to provide free, high-quality educational content. The tax would target excessively large endowments, collecting billions of dollars to support this initiative
This proposal is part of a broader effort to reshape higher education and address political controversies within universities. The tax on endowment investment income could significantly impact universities with large endowments.
Anyone who can see that with any republican sentiment in the government, that ‘high quality educational content’ is going to be pants on head idiotic shilling for conservative viewpoints?
Georgetown has been out ahead of this for weeks. But they get no press because they’re (a) not Harvard and (b) not humiliating themselves in compliance rituals like Columbia, so they aren’t as exciting to cover.
You’ve also got schools down in Texas - A&M and UT particularly - that have already been fully integrated into Governor Abbott’s brand of Lone Star Fascism that there’s little to report. Just a bunch of admins saying, in thick German accents, that everything is normal and there’s nothing to see.
They have the largest academic endowment in the world. All of their students could go there for free for basically forever but they still collect tuition. Somehow they’re brave because of this though.
FINALLY. One university with the balls to stand up to Trump.
I don’t think all the people I was telling understand how much money Harvard has.
It’s … Way way more than it appears on paper.
They have, over the last 40 years or so, systematically bought commercial real estate in Boston, left it vacant to devalue the housing property in the neighborhood, then bought houses in the neighborhoods, bulldozed, expanded. They own way more of Allston than people realize. Let’s not even talk about their endowment, which can pay for all students tuition on interest alone.
Here’s a fun one.
42.3580140, -71.1385711
Try and figure out what that building is, who owns it, what it’s for. It’s like 5 acres. In the middle of a major capital city.
Yeah. Good luck. (P.S. it’s Harvard)
Now note proximity to Harvard Stadium.
Harvard runs shit. In broad daylight secrecy. Within a democratic stronghold.
Scott Galloway on YouTube often mentions this on his podcasts. That Harvard and a few others have turned from being a university with money to a private equity fund with some students.
Any rec?
https://youtube.com/@theprofgpod
Someone should support them! Poor guys, can’t catch a break!
Maybe Lemmy should run defence on them
So you’re telling me Harvard may be home base for a modern day revolution when it comes. Noted!
They’ll protect themselves first. If that means working with the regime then that’s what they’ll do.
Let me guess and you guys support these billionaires who pocket student money, correct? Just because it looks like it’s fighting another of your imaginary enemies?
Trump is imaginary?
What’s the point of sitting on a $53B endowment if you’re not going to use it? Losing $9B in contracts to fight fascism is worth every penny.
Donald Trump proposed taxing large private university endowments as part of his 2024 election campaign.
This tax aims to fund the creation of the “American Academy,” a new institution designed to provide free, high-quality educational content. The tax would target excessively large endowments, collecting billions of dollars to support this initiative
This proposal is part of a broader effort to reshape higher education and address political controversies within universities. The tax on endowment investment income could significantly impact universities with large endowments.
This just sounds like they’re going to contract PragerU to rebrand their videos and then someone will pocket billions of dollars.
Trump University.
Did that already happen or am I now adding grifts to the long list that do exist?
It’s just how he’s going to get around the prohibition on bills of attainder.
They only need to create law that can be arbitrarily enforced and then enforce that law on your enemies.
Who in their right mind is against this?
Anyone who can see that with any republican sentiment in the government, that ‘high quality educational content’ is going to be pants on head idiotic shilling for conservative viewpoints?
Read the letter sent to Harvard. It will give you the idea what the new higher ed would look like.
Anybody actually in their right mind is against this
How was his last University? How well did that do? Donald sure does love the uneducated.
Columbia looking twice as pathetic now. I hope this catches on.
Dartmouth too. One of trump’s rnc ghouls is working with her directly.
Likely because their endowment is large enough to not need federal funds.
I don’t think Columbia’s hard up for cash either, but they folded like a cardboard lawn chair
They have “Russian asset go fuck yourself” money.
Georgetown has been out ahead of this for weeks. But they get no press because they’re (a) not Harvard and (b) not humiliating themselves in compliance rituals like Columbia, so they aren’t as exciting to cover.
You’ve also got schools down in Texas - A&M and UT particularly - that have already been fully integrated into Governor Abbott’s brand of Lone Star Fascism that there’s little to report. Just a bunch of admins saying, in thick German accents, that everything is normal and there’s nothing to see.
The Government will retaliate. I wonder if all intentional students will now be under a watchful eye
They already have been.
I do not believe someone ever said once “hey wait a minute did I woke up in Harvard? That wasn’t the plan at all?!”
Didn’t require balls, mate. Don’t glorify them doing the bare minimum.
They have the largest academic endowment in the world. All of their students could go there for free for basically forever but they still collect tuition. Somehow they’re brave because of this though.
$9B is still a lot of money, plus you know more spite is coming - turnipas ego doesn’t like to be told no