No, you're right. But the ultra rich have "loopholes" since donating a building or a stadium to a college is not against the law, and a backroom handshake deal

No, you're right. But the ultra rich have "loopholes" since donating a building or a stadium to a college is not against the law, and a backroom handshake deal can still be made to donate millions without it going on the record as an exchange for all your kids getting accepted into that school. Same difference in that sitting presidents don't ask for and don't get paid $millions for giving speeches during office - - yet the record shows that almost ALL of them arranged deals during their presidency in exchange for favorable legislation, so that the minute they walked out of the white house they were jetting off to give these million dollar "payback" speeches.