President Trump's spat with Harvard rolls on. Yesterday, he castigated Harvard as a "far left Institution," and a "liberal mess." Harvard's president has self-righteously accused Trump of violating the university's free speech rights by withholding $2 billion of federal subsidies to the college.
The obvious solution here is for Harvard to go the Hillsdale College route and turn down any further federal funding. Then they can say or do whatever they want.
But the real financial scandal exposed here is that a university with a $50 billion+ tax-free endowment receives billions of dollars a year of taxpayer money.
Why?
This is Robin Hood in reverse: tax the poor and give to the ultra-rich.
Harvard doesn't need financial help. Here is a graph of Harvard's endowment over the last several decades.
