What you’re getting at makes sense — the benefits to education are broadly distributed but there’s uncertainty to who exactly will receive them. It makes sense

What you’re getting at makes sense — the benefits to education are broadly distributed but there’s uncertainty to who exactly will receive them. It makes sense to diversify those risks. But where do W2 earnings come from? The old boy network? Various kinds of privilege? Are you just creating an incentive to turbocharge existing patterns of discrimination? Elite colleges already do this by means of their endowments. If you’re the heir to a huge fortune, the college is happy to admit you, with the expectation that you’ll pay for a building with your name on it around the time your kids are applying.