PARLIAMENT of WHORES …
“Our government is a “Parliament of Whores” … AND WE ARE the WHORES … – P.J. O’Rourke
the IVY LEAGUE RACKET:
The Ivies added $48.4 BILLION to their endowments this year, and new estimates show their collective endowment could exceed $1 TRILLION by 2048.
Organized as charitable non-profits, the IVY LEAGUE is a CASH GENERATION MACHINE. Their collective endowment now stands at approximately $192.6 billion, which is up from $144 billion in 2020.
Now, critics are questioning whether the Ivies have GAMED the federal, state, and local tax systems to operate AS EDUCATIONAL CHARITIES. These schools PAY LITTLE or NO TAXES on their investments, endowment gains, and property.
Here are the NEW ENDOWMENTS by school: Harvard ($53.2 billion), Yale ($42.3 billion), Princeton ($37.7 billion), UPENN ($20.5 billion), Cornell ($10 billion) Columbia ($13.5 billion), Dartmouth ($8.5 billion), and Brown ($6.9 billion).
With such a LARGESS, WHY is HARVARD CHARGING a sticker price of $80,000 for UNDERGRADUATE student tuition, room, and board? Yale and Princeton charge about the same.
As the Ivies PUSH the UPPER BOUND of TUITION PRICES, other universities are EMBOLDENED to RAISE RATES. All of this makes college MORE UNAFFORDABLE FOR EVERONE and ADDS to the MASSIVE amount of STUDENT LOAN DEBT.