Harvard University, best known for its former, albeit laconic *, Law Review president, has now distinguished itself in another way. Last year, Harvard received gifts in excess of $1.5 billion — that’s Billion, as in “you didn’t Build that.”
The president undoubtedly Tweeted Harvard’s Dean of Donations this week to remind him that “at a certain point you’ve made enough money,” and that, while he doesn’t want to punish Harvard’s success, “when you spread the wealth around it’s good for everybody.”
Obama probably urged his Crimson comrades to consider the egalitarian generosity of Charles and David Koch, who recently contributed $25 million to the United Negro College Fund (UNCF) to help needy students at historically-black schools. President Obama almost certainly encouraged his alma mater to emulate this field-leveling behavior, even if doing so might cause a backlash from AFSCME, the union of government employees, which cut ties with the UNCF in protest over the Koch donation.
With only 106 historically-black colleges and universities, many of them struggling financially, Harvard could simply divide up that $1.5 billion in equal shares of $14 million (with Harvard also receiving its fair share.) What could be a more equitable way of addressing such savage income inequality?
It was, after all, a $37.5 billion record year for giving to America’s 4,800 colleges and universities, but $6.75 billion of that went to just 10 schools. In other words, the top two-tenths of one percent got 18 percent of the money.
As a millionaire, living in a palace, with servants meeting his every need, security watching his every step, becking and calling limousines and luxury aircraft, vacationing in posh resorts, and golfing his days away — Barack Obama clearly has the prestige, and the leisure time, to petition the captains of Cambridge, Mass., to redress this lingering injustice.
However, you may contend, the donors to Harvard did not intend their wealth to be spread around so liberally.
Yes, but what is Harvard, if not an educational institution? Should that education stop after a few years of undergraduate work, a master’s or a doctorate? No, I say, let the learning continue for a lifetime, as Harvard teaches its wealthy capitalist alumni the vanity of greed and the surpassing value of selfless giving.
May Obama’s elite friends in academia experience the full blessing of his legacy of leveling.