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Re:Living paycheck to paycheck is disturbingly common by dragonwriter on Tuesday January 01, 2019 @10:58AM (#18800631)
> Do you think smart people would bother to spend a fortune on education (either directly via private schooling or indirectly by housing) if the school didn't matter?

Yes, because smart and well informed are not the same thing, and even smart people who have access to systematic information are not immune to dismissing that information due to cognitive biases, particularly confirmation bias.

Quality of school district is also a well worn socially acceptable cover for avoiding proximity to those disliked for reasons of race or class, and smart people can still be racist and/or classist, and are more, not less, likely to seek socially acceptable cover for that.

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