That's all well and good, but couldn't even more net social utility be created by a better auction? This perpetuates generational wealth rather than giving an opportunity to someone who earned it for themselves.
At the very least, couldn't you auction off a seat to adults? At least that would be people using their own money to buy themselves advantages rather than yet another example of parents buying significant advantages for their children.
Maybe I'm just bitter because I'm 20 and my parents could never afford to pay $20,000. I don't see why you should purposefully give someone else whose parents could yet another advantage in life.
PS. To put my money where my mouth is, I'd donate $1,000 of my own money to Watsi or another charity of your choice if it buys a seat.
At the very least, couldn't you auction off a seat to adults? At least that would be people using their own money to buy themselves advantages rather than yet another example of parents buying significant advantages for their children.
Maybe I'm just bitter because I'm 20 and my parents could never afford to pay $20,000. I don't see why you should purposefully give someone else whose parents could yet another advantage in life.
PS. To put my money where my mouth is, I'd donate $1,000 of my own money to Watsi or another charity of your choice if it buys a seat.