Richardcyoung.com

  • Home
  • Debbie Young
  • Jimmy Buffett
  • Key West
  • Your Survival Guy
  • How We Are Different
  • Paris
  • About Us
    • Foundation Principles
    • Contributors
  • Investing
    • You’ve Read The Last Issue of Intelligence Report, Now What?
  • The Swiss Way
  • My Rifles
  • Dividends and Compounding
  • Your Security
  • Dick Young
  • Dick’s R&B Top 100
  • Liberty & Freedom Map
  • Bank Credit & Money
  • Your Survival Guy’s Super States
  • NNT & Cholesterol
  • Your Health
  • Ron Paul
  • US Treasury Yield Curve: My Favorite Investor Tool
  • Anti-Gun Control
  • Anti-Digital Currency
  • Joel Salatin & Alfie Oakes
  • World Gold Mine Production
  • Fidelity & Wellington Since 1971
  • Hillsdale College
  • Babson College
  • Contact Us

You Invest, They Win: America’s Woke Money Men

June 9, 2021 By E.J. Smith - Your Survival Guy

Man seated in a business suit holding Money in his hands with a pile of money on the table in front of him.

By jesterpop @ Shutterstock.com

While Joe Biden wants to raise your taxes, even when you’re dead, the woke hedge fund and endowment managers are reaping the rewards of their special treatment. They’re using your money for everything but what you need, profit. In a lengthy piece at The American Mind, J.D. Vance, (author of Hillbilly Elegy, and probable candidate for Senate in Ohio where he grew up and runs his business) explains how endowments and funds avoid taxes and use that subsidy as ammunition to attack America itself. He writes:

Finally, the allocators of capital themselves are going woke. Across our country we have non-profits, big foundations that are effectively social justice hedge funds. The Ford Foundation has $14 billion in assets under management. Their leadership is serving on many of our corporate boards, and of course the corporate boards of some of our biggest companies are serving as the leadership of the Ford Foundation. They’re investing in are Critical Race Theory, they’re investing in the racial division all across our country, and they’re invested in all of the progressive social causes of the moment. They are one of the biggest investors in the Black Lives Matter movement that destroyed many of our towns and cities last summer.

Now if a middle-class American wants to sell his house that he lived in for 30 years and makes a profit on the sale, he has to pay taxes on the gain, over a certain exempt amount. But if the Ford foundation sells $200 million of property in an investment transaction, they pay zero tax, because our public policy has enriched and prioritized the foundations and the non-profits that are destroying our country. This matters because if you work in private equity, if you’re a hedge fund manager, or if you’re just a business that needs money to operate, you have to go to these people to get the capital to do what you need to do.

One of the biggest capital allocators in the world is that woke social justice hedge fund known as Harvard University, which has over $120 billion under management, which funds some of the most destructive ideologies all across our country, which literally trains the next generation of priests in the woke seminary that’s dominating our professional class. That university’s endowment pays not a dollar of tax, it has no obligation to draw down the principle. It is literally ammunition for the left. And we, through our public policy, have empowered that endowment.

I don’t mean this to be exhaustive, I can’t possibly sketch out everything we have to do on the question of woke capital, but I think there are some obvious solutions, and it should start from a fundamental premise that if you are fighting the American nation state, if you are fighting the values and virtues that make this country great, the conservative movement should be about nothing if not reducing your power, and if necessary, destroying you.

We cannot let the people who are driving this country into the ground continue to benefit from special benefits, from tax breaks, from subsidies, or from liability protections. That is the simple rule that we should follow. Harvard University’s $120 billion endowment is ammunition for our enemies, and we can’t let the enemy have that much ammunition or we’re going to lose. It’s that simple. This principle should guide all of our policies. If you cannot go after the pocketbook of these people, if you cannot make them pay, then you are accepting defeat. It’s that simple. We’re never going to beat them unless we go after them.

We should eliminate all of the special privileges that exist for our non-profit foundation class. If you’re spending all your money to teach racism to our children in their schools, why do we give you special tax breaks instead of taxing you more? When Biden raises taxes, the rich won’t pay the brunt of this. They’ll give money to their foundations, which will use it to push their progressive agenda. They’ll be saved from the consequence of the tax increase even as it will empower institutions that hate us. We need to stop that. The decision to give those foundations and those organizations special privileges is a decision made by public policy. We need better public policy, and a willingness to actually go after the institutions that are trying to destroy the American way of life.

Action Line: Make sure you’re not investing any money with companies using it for their own anti-American political goals. That’s one of the biggest pitfalls in investing today. If you aren’t sure, I can help. I’d love to talk with you.

Originally posted on Your Survival Guy.

Is Your Family Prepared for the Next Disaster? Click Here to Survive and Thrive

If you’re willing to fight for Main Street America, click here to sign up for the Richardcyoung.com free weekly email.

Related Posts

  • Trump and His Generals—a Win-Win for America
  • Trump's Tax Cuts Make America Money Again
  • Can the Military Save America's Young Men?
  • Protect Your Money
  • Author
  • Recent Posts
E.J. Smith - Your Survival Guy
E.J. Smith - Your Survival Guy
E.J. Smith is Founder of YourSurvivalGuy.com, Managing Director at Richard C. Young & Co., Ltd., a Managing Editor of Richardcyoung.com, and Editor-in-Chief of Youngresearch.com. His focus at all times is on preparing clients and readers for “Times Like These.” E.J. graduated from Babson College in Wellesley, Massachusetts, with a B.S. in finance and investments. In 1995, E.J. began his investment career at Fidelity Investments in Boston before joining Richard C. Young & Co., Ltd. in 1998.

E.J. has trained at Sig Sauer Academy in Epping, NH, NH, where he completed course-work in Practical and Defensive Handgun, Conceal Carry Pistol, Shotguns, Precision Scope Rifle and Kidnapping Prevention.

E.J. plays a Yamaha Recording Custom drum set with Zilldjian cymbals. His first drum set was a 5-piece Slingerland with Zildjians. He grew-up worshiping Neil Peart (RIP) of the band Rush, and loves the song Tom Sawyer—the name of his family’s boat, a Grady-White Canyon 306. He grew up in Mattapoisett, MA, an idyllic small town on the water near Cape Cod. He spends time in Newport, RI and Bartlett, NH—both as far away from Wall Street as one could mentally get. The Newport office is on a quiet, tree lined street not far from the harbor and the log cabin in Bartlett, NH, the “Live Free or Die” state, sits on the edge of the White Mountain National Forest. He enjoys spending time in Key West (RIP JB) and Paris.

Please get in touch with E.J. at ejsmith@yoursurvivalguy.com

Click here to sign up for my free monthly Survive & Thrive letter.
E.J. Smith - Your Survival Guy
Latest posts by E.J. Smith - Your Survival Guy (see all)
  • Graduating from Work to Retirement Special Bonus: God Only Knows - June 12, 2025
  • Graduating from Work to Retirement #20: Life in Reverse - June 11, 2025
  • Graduating from Work to Retirement #19: A Teacher for Life - June 10, 2025

Dick Young’s Must Reads

  • RAPPOPORT: War Applauded by “Stone Cold Utopians”
  • Gold/Silver Coins No Longer Allowed in Safe Deposit Boxes
  • ACTRESS: “Liberal Politicians Are Ruining Cities”
  • BEYOND RUSSIA: America Strengthens India Ties to Counter China
  • Americans Must Demand an End to the Welfare-Warfare State
  • Why Investors Should Forget Prices and Focus on Income
  • DIGITAL DOLLAR DOOMSDAY: The Wall Street Journal Is NOT Going to Tell You This
  • CONSTITUTIONAL CARRY: Alabama Becomes 22nd Permitless Carry State
  • Biden Wants to Gut the Tax Benefit of 401K Plans
  • America’s States Rights Revolution

Our Most Popular Posts

  • Whoa, Hang on Here. There’s Trouble in Culver City
  • Is Salt Bad for You?
  • RON PAUL: Can Musk and Trump Reconcile?
  • $25 Million Down; $175 Million to Go
  • Saving Western Civilization
  • Graduating from Work to Retirement #19: A Teacher for Life
  • No More NSAIDS for Back Pain?
  • There Are Only Two Ways to Cut Entitlements
  • The Federal Reserve Finally Killed the Penny
  • Ukraine’s Attack Underlines Need for Trump-Style Border Control

Compensation was paid to utilize rankings. Click here to read full disclosure.

RSS Youngresearch.com

  • Graduating from Work to Retirement Special Bonus: God Only Knows
  • US Secures LNG Export Deals Worth $200 Billion
  • High-Voltage Cable Crunch Hits Global Electrification
  • May PPI Lower than Expected
  • Graduating from Work to Retirement #20: Life in Reverse
  • US Inflation Eases to 0.1% in May
  • DOE Focuses on Nuclear and AI Innovation
  • Trump Delivers Lower Inflation and Rising Wages
  • Natural Gas Power Growth Slows, but Big Gains Possible by 2028
  • Graduating from Work to Retirement #19: A Teacher for Life

RSS Yoursurvivalguy.com

  • Graduating from Work to Retirement Special Bonus: God Only Knows
  • Private Equity: Moody’s Warns There’s Ample Cause for Concern
  • Your Survival Guy: Castle Hill, Newport
  • Containerized Missiles and the New Rules of War
  • Graduating from Work to Retirement #20: Life in Reverse
  • America’s Silent Army with 423M Guns
  • Top 10 Reasons to Own an AR-15
  • Graduating from Work to Retirement #19: A Teacher for Life
  • Can Luxury Ride AI to Success?
  • Market Timing Could Be Hazardous to Your Portfolio

US Treasury Yield Curve: My Favorite Investor Tool

My Key West Garden Office

Your Retirement Life: Traveling the Efficient Frontier

Live a Long Life

Your Survival Guy’s Mt. Rushmore of Investing Legends

“Then One Day the Grandfather was Gone”

Copyright © 2025 | Terms & Conditions | About Us | Dick Young | Archives