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College and University Discussion
Reply to "How the Ivy League Broke America"
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[quote=Anonymous][quote=Anonymous]I found this interesting. I'm glad I chose to invest the money instead. "According to the Yale Law professor Daniel Markovits, the author of The Meritocracy Trap, if the typical family in the top 1 percent of earners were to take that surplus—all the excess money they spend, beyond what a middle-class family spends, on their child’s education in the form of private-school tuition, extracurricular activities, SAT-prep courses, private tutors, and so forth—and simply invest it in the markets, it would be worth $10 million or more as a conventional inheritance."[/quote] Why would I want to give my kid $10M when I can help them turn it into $30M instead? What's the plan for the 30-50 years between graduating high school and passing an inheritance? Why would I want to wait until as after I am dead before my children have a chance to succeed? [/quote]
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