I'm happy to concede that it's a violation of the ideal of meritocracy, and already did. But so, for that matter, is buying your child a private jet or buying your child health insurance that others can't afford. It's the fact that money is being spent by a parent on a child who hasn't earned it that makes it unmeritocratic. The case of this being done for a university place is still not special, and it's still not corrupt.