Top California “private” schools such as Stanford and USC — where 14 percent of students who were admitted in the fall of 2022 had such “legacy” or donor connections — will be impacted by this law. Now, you might ask: “But, but Mike. If these colleges are private, shouldn’t they be able to accept or reject whoever they want?” –– Solid question. Answer (from Forbes Magazine) : . “About 30% of American college students attend so-called private colleges and universities, most of which are non-profit institutions. In reality, however, with very few exceptions, all of them are heavily dependent directly or indirectly on governments for support. Federal student loans allow them to raise fees much higher than they otherwise would be able to charge, as do tuition tax credits and Pell Grants. The tax-deductible treatment of private donations helps fund new buildings. Universities rarely appropriately provide for the depreciation or construction of facilities in their accounting of revenues and expenses, implicitly assuming they are gifts from God. State and local government exemption of facilities from property and sometimes sales taxes provide further assistance. The federal government hands out research grants, with generous (probably overly generous) provision for overhead expenses. Endowments are also advantaged enormously by tax privileges, even for the few dozen schools that will now have to pay an endowment tax. . You see, when you leech off of the taxpayer, you ain’t “private” anymore! Therein lies the legal justification for this new law banning “elite” set-asides. . Given the importance and size of California, we expect this sort of reform to spread to other “elite” schools nationwide. It is important to note that this law follows (by design!) the Supreme Qourt’s stunning 2023 ruling which banned race quota considerations in the college admissions process. By weeding out undeserving applicants from the “people of color” below as well as those from “connected” Anglo & Jewish above — the spots will be taken mainly by deserving White students in the middle, and some Asians as well. This is NOT the sort of stuff that the “elite” — who have made the manipulation of “people of color” against the big bad White Man into a science — want. . Do such unprecedented rulings and news laws herald the early signs of the truly egalitarian, merit-based society that is to come after “the storm” has passed? We believe so. . Trust the plan.