For many Asian-American's their children's education is a dream that they plan out and sacrifice for so that their kin can have better opportunity than what they managed for themselves. Many are tightly knit families where children look after parents or other close family members later in life. To penalise and denigrate the efforts of such families as "privilege" is awful.

I agree, but do we really want to disincentivise parents sacrificing for their children's education? I'm fine with taxing Maseratis at whatever rate, not so fine with this.

Sometimes it's hard to see the second order effects of our actions, but it seems pretty clear cut how society will be affected if you punish people willing to invest in their childrens' education.