GED = Getbigger Educated Degree
PhD = Piled Higher and Deeper (sh*t)
Exactly!
For starters :
Bill Gates dropped out of Harvard to start Microsoft .
Thomas Edison never got past Jr HS in formal education.
Harry S Truman was a damn good President despite not having a college education.
Meanwhile "Howard" (me) went all the way thru grad school and ended up posting nonsense on getbig for the past 20 years LOL.
1. Today, plenty of professions require a good deal of formal education ( medical doc, lawyer, CPA, teacher, etc)
These are the professions that REQUIRE specific academic credentials to gain entry.
2. No school can really "teach" or train someone to be a great leader or business tycoon.
3. Getting in to the top colleges and graduate/professional schools might be more difficult then graduating from them?

For example, getting into a top tier PhD program in psychology is VERY selective .
All advanced degrees guarantee is the person has some extensive knowledge in their field.
What they do with it or knowing other topics is a crap shoot.