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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] The problem with this theory is that many kids wouldn't even be marginally successful or happy if the parents didn't spend that money. We have three SN kids with combinations of ADHD and dyslexia. They would end up in jail or dead if we didn't spend a fortune on interventions and EC's just so they have tolerable lives. [/quote]
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