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I think they do it for the prestige/status. This is generally what people want wealth for anyway, above a certain life-sustaining amount.
by alexpetralia 8y ago
I think they do it for the prestige/status. This is generally what people want wealth for anyway, above a certain life-sustaining amount.
- JMTQp8lwXL 8y agoWhat is the point of prestige/status if it isn't even real? It's like they're sending their kids to Stanford for the Instagram likes they'll get.
- musicale 8y agoWhat is surprising about seeking status (or more importantly avoiding status loss) in the eyes of your peers?
- JMTQp8lwXL 8y agoIt's funny how the 20-somethings of the well-off seemingly have the skills and experience to take on key leadership roles, that their peers somehow would have to take decades to ascend to. It's "status" but anybody can look at say, Ivanka Trump for example, and see right through it.
- JetSpiegel 8y ago> anybody The people that matter can't, that's their target. By which I mean, other socialites.
- scarejunba 8y agoHuh, the prestige is most definitely real. The status is real. If your kids go to Harvard or Stanford, people will assume they're smart and you're a good parent.
- lordnacho 8y agoBut it's pretty fragile. You can imagine after this scandal some prestigious employer, say Goldmans or McKinsey declaring that they want to see on everyone's applications whether they are a legacy, small sport scholar, or child of a rich donor. In fact that might benefit society an awful lot.
- JMTQp8lwXL 8y agoAfter the revelations, I don't know if the prestige is as strong. It's still there, but you could wonder how many of these people bought their way in, or earned the privilege.
- matt-attack 8y agoDon't forget it starts way before college. For 18 years before college they're shelling out major money (easily $50k/yr or higher) for elite private schools. Getting them into college is just the natural extension of this 18 year spending spree.