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I interned at a private school for a few months. The quality of education difference is not that stark. Most of the money is spent on non-educational luxuries such as fancy sports facilities, libraries, school plays put on by professional theatre companies, and lavish trips abroad for the students (spend a semester studying in Paris).
I encountered all the same issues with disinterested students multiple grade levels behind on reading and math that I’ve seen at public schools. The difference is that these students take month long vacations with their families and play extracurricular sports in fancy gyms, rather than struggling with issues at home (both parents working, needing to care for young siblings instead of studying, addiction to social media, etc).
I did also encounter really advanced students at the private school who were placed in special classes with fewer than 10 students per teacher and fancy giant touchscreens in the classrooms instead of whiteboards. How much did they benefit from that? Very little, I imagine, as in my experience the best students I’ve met were all extremely self-motivated and needed few resources other than writing materials and a large supply of challenging assignments to work on. I’ve seen those students everywhere and the ones at the private school weren’t getting much out of all the fancy stuff.
A funny thing when I went to college. I was sorta funny. Had like half accelerated courses and half not. I could get sorta screwed in the accelerated because in the normal courses I was A/B with A being pretty likely and in accelerated I was B/C with C being likely. So because of the rules an A was a 5, a B was a 4, and a C was a 2 grade point average wise. Anyway that is all sorta an aside. When I got to college I started out strong but semester by semester was burning out. You could sorta see a semester to semester drop such that like my first semester was all A+ and by the time I graduated I had a D or two and boy did I ever need to graduate while my gpa was still decent. I had this friend and he had screwed around in high school so he had to come in as a PE major as he did not have the gpa or test scores to get into some of the more prestigeous colleges at the university. He worked his ass off and was just getting his paces. Eventually he transfered into my major and as we got near the end we compared transcripts. His was the opposite. His grades got better and better each semester. So in the end I had some of those fancy classes and came out at a pretty respectable rank and a pretty respectable high school. He came out of a typical high school (could not claim highly ranked or anything) at a pretty typical level. We ended up with the exact same degrees at the exact same institution for our bachelors with pretty close to the same gpa.