A professor on the College of Pennsylvania, one of many nation’s allegedly premier Ivy League faculties, took a break from her job the opposite day to reward Luigi Mangione.
Dr. Julia Alekseyeva, who describes herself as a “socialist and ardent antifascist” and goes by the social media deal with “@thesoviette,” went on TikTok and mentioned she was by no means prouder to work on the identical faculty that graduated the 26-year-old suspected assassin of UnitedHeathcare CEO Brian Thompson.
The track “Do You Hear The People Sing?” from “Les Miserables” was the backdrop of her creepy missive, actual “workers of the world unite” materials. Later in a separate social media put up, the nice physician (of God is aware of what) referred to Mangione as an “icon.”
The twisted message of all that is fairly obvious: Losing Thompson is simply swell as a result of it suits a sure social justice narrative. Individuals who match the left’s definition of a grasping capitalist should die.
Should you’re questioning what pedagogy like that accomplishes, take into account this: UPenn was one of many hotbeds of Jew-hating within the aftermath of the Oct. 7 Hamas bloodbath. Its directors’ indifference to the wild celebrations led to the pressured resignation of its president, Liz Magill.
Alekseyeva, who has since apologized, didn’t reply to a request for remark; a rep for Penn tells The Submit her feedback “were antithetical to the values” of the college, and that Alekseyeva has “retracted them.”
Higher late than by no means, after all. However I’m a finance author. So I began asking my Wall Avenue sources, how can a faculty afford the posh of using wackos who would go there within the first place?
Penn costs its undergraduate college students greater than $85,000 a yr to be brainwashed with leftism, and in line with my Wall Avenue sources who comply with the faculty finance racket, bloated tuition payments nonetheless aren’t sufficient to make ends meet.
That’s the place the college’s multibillion-dollar endowments are available in.
Indoctrination funding
They’re the funding supply of the progressive indoctrination now we have within the faculty classroom. The incoming Trump administration has a first-rate alternative to finish this insanity by taking goal at how they’ve rigged the schooling system at taxpayers’ expense.
Contemplate: UPenn’s endowment is available in at round $23 billion; Harvard’s at $53 billion. By comparability, the hedge fund referred to as Point72 run by long-time dealer (and Mets proprietor) Steve Cohen has property underneath administration of $35 billion.
Sure, these guys are huge and highly effective within the markets. Faculty endowments put money into every little thing from personal fairness to enterprise capital startups to plain vanilla shares and bonds. Their funding officers are chronicled within the mainstream media alongside a few of the finest cash managers on this planet. They typically throw off double-digit returns due to their measurement, which places them on the entrance of the road for probably the most profitable funding alternatives.
These days, a few of the largest have turned to personal fairness funds with investments in China to handle a few of their dough. One such fund, Singapore-based-Hillhouse, has workplaces in Beijing, Shanghai and Hong Kong. The Yale endowment was a giant Hillhouse consumer.
Folks at Hillhouse say the agency has been decreasing its publicity to the communist Chinese language economic system. But when you recognize something about China Inc., any enterprise domiciled there may be intently linked to the ruling Chinese language Communist Get together.
You see the place I’m going with this. Yale witnessed a few of the most nasty anti-Israel protests following Oct. 7, largely condoned by faculty directors with their near-silence. But not a peep out of this crew concerning the Chinese language authorities’s oppression of spiritual minorities such because the Uyghurs.
They usually do all this with substantial taxpayer help that goes past the same old stuff like more and more forgivable pupil loans and authorities grants for idiotic analysis. The endowments are largely tax-free, which is how Donald Trump can begin to finish this insanity if he and his folks have the heart to go there.
Huge endowments don’t have taxes on their capital positive factors. Ditto for dividends. They get away with paying a meager 1.4% tax on revenue. There’s speak in Trump circles of shifting it to 35% or extra since such untaxed positive factors successfully give the endowments license to finance probably the most weird stuff popping out of the college system.
And right here’s the place issues may get attention-grabbing. Let’s give attention to UPenn, which has an endowment funding construction typical of the Ivies.
Based mostly on my studying of its annual report, personal fairness represents the most important chunk of cash in UPenn’s $23 billion endowment, greater than $8.4 billion in comparison with $7.8 billion in 2023. Taxing the fund, mixed with a slowdown in fundraising from wealthy Wall Streeters like alum Marc Rowan of Apollo World Administration, may pressure the endowment to promote PE holdings, that are notoriously illiquid.
The result’s a money crunch, forcing directors to make some exhausting choices — together with whether or not paying for TikTok-happy, Mangione-smitten profs like Alekseyeva is value it.
