What the US Could Learn About College Admissions from the USSR
nybooks.com
nybooks.com
https://scholarworks.umt.edu/cgi/viewcontent.cgi?article=132...
I don't disagree with you but this clearly wouldn't satisfy the complaints of most people in the general population. I went to an Ivy and can assure you that although there were probably some people who completely bought their way in - the vast majority of the wealthy kids there also had stellar aptitude and test-taking ability.
I think probably a more straight-forward (but maybe as politically intractable) solution would be to increase the funding/prestige of public institutions. These already rely much more on hard metrics. Its probably pretty hard to coerce Harvard to not let in that child of a billionaire who is "only" 90%th percentile on the SAT - but not as hard to throw UMass research money.