Ah. You're not wanting to change to multiple Harvards, you're wanting to change to zero Harvards. And I kind of sympathize with that position. Education is helpful for society as a whole. Letting "elites" network so that they can position themselves to have outsized impact? Maybe not so much.
Correct. Even making UTAustin guaranteed acceptance to the top 14% of the class instead of 7% would be better than adding another Harvard in Texas.
The non linearity of the rewards is the problem. I’m orders of magnitude worse off than my valedictorian, who went to an Ivy, because I didn’t get into any good schools. Abolish all of the top schools.