Oh, I don't doubt it that parents and students are optimizing for SAT outcomes themselves. You can't expect them not to. But no amount of SAT prepmaxxing can save you if you just genuinely know nothing - and having SAT is a huge upgrade over not having SAT. For one, it's a huge equalizer.
I've seen a few countries that went from "no standardized testing" to "full send standardized testing", and the benefits are too large to ignore. You can improve upon the tests, but removing them is a road to nowhere.