Is the SAT ineffective and outdated?

FAQ: Q: What can I do to help/change the situation? A: Expecting me to suddenly come up with a solution to an issue this vast and ingrained in society is quite a high order. This is the kind of construct that is so established that it would take years to patch up. If I absolutely had to be put on the spot, I would opt for the lessening or even elimination of standardization in college admissions. The simplest thing you can "do to help" is share this video. The first step in change and reform is an informed public who cares about an issue. Change will not happen without awareness. HOWEVER, if you really need to take some sort of action, you can take the ACT, as it is more accurate at gauging a student's logic and thinking skills. Unfortunately, the CEO of the company distributing the ACT receives a compensation rate of 3.09, more than twice that of the CEO of the College Board. Decide which you think is the lesser of two evils.

Q: Hurr nurr you didn't provide sources so this is UNSUPPORTED. A: That isn't a question, but thank you for pointing it out. All sources are now at the bottom of the description. Q: The statistics at 1:30 are incorrect, the CEO of Red Cross ALSO earns a compensation within the 1-2million dollar range! Should I be outraged? A: No, you should not. Those statistics are based off of compensation rates (compensation:revenue). The CEO of Red Cross may not receive five times the amount, but his organization circulates five times the revenue, making his compensation rate a fifth of the College Board's CEO. Same goes with the Salvation Army CEO. Q: How can you try and claim that the correlation between family income and SAT scores is so unacceptable when multiple studies show that family income and intelligence are also related? A: This is a somewhat valid counterargument, however it is the amount of correlation that disturbs me. The R^2 of family income and SAT scores is 0.95! That's an unbelievable amount of correlation, enough so that I feel it worth mentioning. Q: What's the point of this video? It is a PSA, Public Service Announcement, intended to inform the public about a current issue. Q: The SAT isn't in my region, what in the world am I watching? A: The SAT is a test that almost all college-prone students in the U.S. and all around the world take. It is based on math, reading, and writing comprehension. However, it is greatly flawed and does not actually gauge a student's intelligence or potential. Unfortunately, many colleges still consider it a valid aspect of the admissions process. Most of these colleges, especially prestigious ones, require SAT (and ACT) scores from students simply so that they may bolster their statistical advertising campaigns (i.e. being able to put "Average SAT score of 2300!" on their school pamphlet and being ranked as a "top school"). On top of all that, it just happens to generate a billion dollars a year that could be spent... elsewhere.