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Whether you agree with the article or not, there are some eye-popping numbers mentioned in the article. It is hard not to think about those United States takes
by akudha 5y ago
Whether you agree with the article or not, there are some eye-popping numbers mentioned in the article. It is hard not to think about those
United States takes up 39% of all military spending globally
Harvard, for instance, has an investment fund worth over $59 billion. Or put another way — $2.6 million per enrolled student.
Elon Musk is while he takes $4.9 billion in government subsidies and pays $0 in federal taxes in 2018
And on and on. I find that Harvard number especially hilarious. Isn't it supposed to be a non profit? How can they justify stockpiling 59 Billion dollars??!!
- dekhn 5y agoI think your understanding of "nonprofit" isn't in line with the technical definition of the term. Note that Harvard doesn't spend their fund on anything, they just use the interest (and dipping in is ultra-contraversial). The reason they have it is to establish a path to future freedom for themselves.