Letâ cl’ar: this scandal has little to do with theÂ fabulouslyÂ wealthy, who have no need to resort to intricate schemes. They can simply buy their kidsâ way into any school by donating enough money to it. Thatâs not a conspiracy theory. Itâs simply a fact of life, at least in our country.
And Iâm not shocked that Merely Wealthy parents (unfortunate folks with a mere 1 to 10 million in assets) would try to buy their kidsâ way into swanky colleges after theyâve spent hundreds of thousands on swanky private high schools. Hey, itâs human nature to want to help our children, to try to clear away as many rainclouds as we canâ¦ even if we donât care that we are screwing over otherÂ parentsâ kids and, perhaps, even harming our own by knocking down walls for them.
But we rationalize our dubious conduct by telling ourselves that any parent would do the same for theirÂ children. We routinely advocateÂ for our kids by emailing teachers and principalsâ¦ arguing with coaches and refsâ¦ professors and deansâ¦ even bosses. Shoot, Iâve even heard of one guy buying three million dollars worth of poker chips to bail out his sonâs failing casino business.
More to come…