Come on, man. Your opinions about the SAT are based on a single infamous SAT question (of unknown provenance) from many decades ago?

There are no questions like that any more. You really think the people designing the highest-profile standardized test in the country are oblivious to this kind of problem these days? There's a ton of cultural and racial bias screening and filtering that goes into producing these questions now, both manual and statistical. You can look at some sample questions yourself.

Is there a more up-to-date example? The SAT hasn't even had an analogy section at all since 2005.

Being from Cincinnati, I had to laugh at that particular example a little bit, because there's an annual charity "Rubber Duck Regatta" where you pay to sponsor a rubber duck and they dump them all in the river and give a prize to whoever has theirs finish first. When I was a kid, they ran TV ads for it blasting the name out loud about every six seconds, so most students who didn't know the word otherwise would have figured it out. I'm sure there would be statistical analysts looking at the scores for that question by region and scratching their heads.

Yes, only wealthy people know what a sailboat is and have a large vocabulary.

It doesn't say only wealthy people will know what it is, it says they are much more likely to know what it is because they are much more likely to have experienced it first hand.

It would be hard to deny that generally sailboat racing is done by wealthy people.

That doesn’t follow. Poor people are aware of many things they don’t do. You’re wanting to lower standards to help people who don’t need that kind of help to expiate you own status guilt. Poor people may also not have cars. Or have ever flown on a plane or owned an iPhone. But they aren’t necessarily stupid and will probably know what these things are and if they happen to be then they should go to elite colleges.

That is dependent on where you're from, you could be from a poor family and know exactly what a regatta is.

The yearly regatta has always been like the Olympics of Newfoundland

OTOH, You could be wealthy but from Montana. You probably have never witnessed a regatta in your life. You and your wealthy friends will probably be able to answer every question related to a ski holiday however.