I mean this in the best possible way, try punching "529 Plan" into Google. The point of the comment, which I'm not sure why it was being downvoted, is why some

I mean this in the best possible way, try punching "529 Plan" into Google. The point of the comment, which I'm not sure why it was being downvoted, is why something might sound newsworthy (14 college funds?) when it really has a simple, logical explanation if you're sophisticated with money. And in the same breath, in applause of a guy performing a tax optimization, the original poster shits on the state - did it create this tax loophole? Do you think the people running government want college to be expensive? Rich people, really everyone with heritable wealth, love the 529 plan. If you understood that it is used to create multi-purpose, heritable investment accounts tax-free in vast excess of the actual cost of tuition - that anyone who would have a hard time paying Harvard's tuition goes for free anyway - you would detect some insincerity in "14 college funds" too! And maybe consider that this 529 plan remains the status quo, this total tax dodge, because of people who have this romanticized picture of it being used to pay expensive college tuitions. We're talking about a family so sophisticated that it's probably going to change legal guardians on those very same children in order to benefit from free tuition anyway. It's a great story. We certainly want our brainiacs spending resources "hacking" some shitty institution like the lottery. On the other hand, you think he doesn't take beyond his measure from the government too?