I think it’s bad for the school. And my kid’s full pay. So no, it’s not all demographics (much less how it directly affects the poster – most people involved in this discussion are post-admissions anyway).
And can we stop using the phrase “tippy top” schools? It not only sounds childish, it’s imprecise and opts into a vision of college admissions that, in contexts like this, should probably be explicitly articulated and argued for rather than assumed. Part of the difference in opinions expressed on this thread is attributable to a split between people who think that what’s beneficial for U of C is whatever raises its ranking or perceived desirability vis a vis a handful of (mostly Ivy League) schools vs people who think that what’s most beneficial for U of C is to preserve its distinctive culture and to find/attract the kids who will flourish in that environment.