Earlier quoted context omitted.
> Answer: Everyone involved! What about the rest of us? Did we benefit that George Bush (who claimed never to read a book at Yale) got the certification of an elite degree? What you are saying is the equivalent of saying everyone in the mafia benefited by being part of the mafia. And btw before anyone talks about how Yale (or any other elite school) is private and can make their own decisions - no - they receive MASS…
The point he's making is that if the funding is removed, Princeton or Yale would no longer need to put up the façade. So the only thing that would matter is whether or not the Bush-type families of the US benefit from the system that is in place. The commenter is positing that the answer is "Yes". I agree with that assessment.
The thing that gives elite universities their reputation both their academic reputation and the elites that attend them. If they lose the academic reputation, the unis become irrelevant and might as well be a party house for rich people; no one will care except tabloids. If they lose the elites, the universities will still be prestigious universities.
So to spell it out, what I’m saying is that rich people attending elite universities are not important for elite universities. It mainly benefits rich people.