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They basically run everything
(startrek.website)
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A common trope in anime that take place in high school is that the student council is the most powerful organization, not answerable to the headmaster or anyone else. Student council members (and high-ranking ones in particular) are basically viewed as royalty. So this meme is joking that anime student councils are not just the most powerful organizations in their schools but on the entire planet.
Here's a TV Tropes article on it.