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Notes -
That seems likely. But then where does the money go? Higher salaries? Marginal improvements in materials?
You could imagine a private school which gets 90% of its performance from <90% of its dollars. In a public city, it has to spend the extra dollars on inefficient stuff to keep the poors out. In this gated community, the gatekeeping is done, so it’d be able to stop spending.
I suspect distinguishing which dollars are which is nontrivial.
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