Heard on the news that Harvard is suing the Trump administration over the threat of their loss of government endowments. First, to be clear, the Trump administration is the federal government and that is your money, not Trumps or Harvard's. So what Harvard is attempting to do is to sue you for charity. That's the whole deal in a nutshell. All endowments are charitable donations to institutions or individuals, that is simply what they are. It doesn't matter how long you have been receiving that endowment, it doesn't matter how large or small the endowment is, it is still a charitable donation.
I'm not surprised by that at all however. The liberals in this country have made it clear enough, they deserve everything and anything they desire. Well entitlement doesn't include charity! That's just the truth of the matter. There is no legal mandate, no law or regulation that requires the government to give you anything that you are not entitled to. There is no "charity" law. That is the purpose of the "tax exemption." That authority can be found in the tax code, section 501(c) (3) to be precise about that. It isn't in the constitution, the bill of rights or anywhere else, it is part of the tax code.
Congress oversees and funds all federal endowments, although the complexity of that would require a great deal more education than I currently have, or intend to get. I already know enough about that to understand one thing, it's my money being given away. I hear the cries, it's not an endowment, it's a grant. True enough, that is what Harvard is suing about, a federal grant totaling 2.2 billion dollars of your money. An endowment or a grant, both are charity. Both are regulated by congress. And who is congress? We the people are congress by our representatives. So the liberals are suing the conservatives over that money. Daddy wont give me money, I'll sue him for it. I don't think he has a good enough reason to deny me. Sure my brother and sisters might have to go without, but I'll get what I want and that is all that matters.
Harvard has an endowment fund exceeding 50 billion dollars. Yet their claim is that they have been funding nearly 2/3 of their operating expenses from federal research grants and student tuition. Well, that would explain why you have an endowment fund worth over 50 billion dollars! If you don't spend it, you have it. Don't need a degree from Harvard to understand that at all. The question to be asked is who benefits from that 50 billion dollar endowment fund? Somebody certainly is I have no doubt about that. The operating expense for Harvard last year was 6.4 billion dollars. Over 1/3 of that is for salaries and wages! Half of that 6.4 billion dollars came from philanthropy. Yes, charity but they want 2.2 billion more from you! I find it very strange that those liberal folks running Harvard, aren't "spreading the wealth." What's up with that? Isn't that what they are all about. DEI and spreading the wealth. And if you don't donate, I'll sue you for the money. Very progressive indeed.
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