It gets worse and worse as Columbia, Princeton, Stanford and Penn with endowment holds of $74,000,000,000 (that is $74 billion dollars) hide their assets and promote fossil fuel pollution while the average U.S. students' debt explodes. 12 prominent U.S. universities exposed as investors in EnCap Energy Capital Fund IX-C, a hedge fund located in the Cayman Islands. For years many public interest campaigners have tried to persuade universities to reveal information about their polluting investments and other morally questionable financial dealings. But current U.S. tax law prods schools to move money offshore because it allows them legally to avoid paying federal tax on hedge fund and private equity investments.
As our hallowed halls of liberty and democracy are themselves being eaten away from the inside by corporate sponsorship and now the pied piper of the machiavellian logic of tax evasion "for the good of the school" spirals them into further moral decay . How many more examples do we need of failings and decay of values in the schools we so proudly cheer for and support. If our institutions of higher learning don't have the perspicacity and wisdom to invest in a progressive and hopeful future but instead are suckered into the same oligarchical shell game of hidden funds and destructive industries, what hope have we ??
