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Why are taxpayer dollars subsidizing billionaires?

 

You knew that Ivy League schools know they’re better than you. They also believe they need not follow the law. From the Washington Free Beacon:

Report: Ivy League Schools Did Not Disclose $246 Million in Taxpayer Funding, Violating Law

An analysis of over $200 million in research projects conducted by Ivy League institutions found that none disclosed how they spent taxpayer dollars, in violation of federal law.

And it gets worse:

White Coat Waste found “widespread transparency failures by Ivy League universities receiving more than $2 billion annually from the National Institutes of Health,” according to the report.

“This report demonstrates that 100 percent of these universities’ 2016 press releases detailing NIH-funded animal experiments—representing nearly a quarter-billion dollars in taxpayer funds—violated federal law requiring disclosure of government funding details,” the group said.

Aside from Ivy League schools, the report also includes projects that violated the disclosure law from Sen. Jeff Flake’s (R., Ariz.) 2017 Wastebook.

Examples include a $230,000 project conducted by New York University and the University of Rochester that studied whether “monkeys prefer photographs of other monkeys’ rear-ends on red or blue backgrounds.”

A $3.4 million Northwestern University project dubbed “Hamster Cage Matches” that studied the aggression levels in hamster fights also did not disclose how it spent the taxpayer funding.

One hundred additional studies conducted by Brown, Columbia, Cornell, Dartmouth, Harvard, U. Penn, Princeton, and Yale were publicized in press releases by the schools, but did not disclose how the funding, totaling $246 million, was spent.

“If our nation’s eight most prominent educational institutions are systematically violating funding disclosure law, the problem likely extends to the thousands of other entities receiving the balance of the NIH’s $32 billion annual research budget, and grantees of other agencies covered by the Stevens Amendment,” the report said.

Hold on thar, Babalouie. There’s something you need to see. These are highfalutin snotty schools, and that means something.

Endowments. Get a load of the magnitude.

Brown  $3.2 billion

Columbia  $9 billion

Cornell $5.7 billion

Dartmouth   $4.5 billion

Penn  $10.7 billion

Princeton  $22 billion

Yale  $25.4 billion

Drum roll, please

Harvard  $37.6 billion

The question, why are these galactically wealthy bastions of liberalism getting money from the pockets of American taxpayers making $50,000 a year?

Why are they getting any taxpayer money at all? Why are we subsidizing the uber-wealthy?

 

 

 

 

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