**SNIP** But even supposing the “ultra-rich” would hold still while the state extracted a fixed yearly portion of their net worth, any plan for universal pre-K deserves skepticism — the opposite of what most news stories convey. ABC News, for example, contends, “The benefits of early child care have long been documented, even showing taxpayers can make money back when investing in high-quality early education.” This is tendentious and wrong. The links ABC provided don’t even support its assertion. The first is to a National Education Association publication (hardly a neutral arbiter), citing one famous study of extremely high-quality day...