Trump administration asks IRS to revoke Harvard's tax-exempt status

Re:Trump administration asks IRS to revoke Harvard's tax-exe... by s1artibartfast on Wednesday April 16, 2025 @07:49PM (#43711581)

Tax exemption has nothing to do with the amount of resources. It is based on what those resources are used for.

I also think there should be absolutely no expectation that Harvard educates or people. If you are worried about allowing enabling enough people to get an education, allow more schools to open. I don't see why it's the duty of any one pre-existing institution to pick up that slack, especially a private one.

If Harvard wanted to have 10 students, that's its prerogative and right

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Re:Trump administration asks IRS to revoke Harvard's tax-exe... by linotype on Thursday April 17, 2025 @01:24AM (#43713374)

So why wouldn’t every investment firm be a university then? Have a class with ten students where the students are employees of the firm.

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Re:Trump administration asks IRS to revoke Harvard's tax-exe... by s1artibartfast on Thursday April 17, 2025 @02:24AM (#43713677)

Because people want to make money and spend it. An investment firm can found and fund a university, but the owners don't get the money they put in back out.

Plus, why bother with a school? If you want to donate your money, there are far more fun tax exempt organizations to run participate in, like most Yacht clubs or fraternal associations.

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