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> You have the opportunity to meet people who can invest in your ventures. and who are also completely lacking empathy for the financially challenged at best,

> You have the opportunity to meet people who can invest in your ventures. and who are also completely lacking empathy for the financially challenged at best, disregard and look down upon the less privileged at worst. Both may lead to social isolation of persons with different socioeconomic background attending said schools.

Aloha 4y ago
You can be middle class or upper middle class and have that viewpoint if you've had insufficient exposure to people from different socioeconomic backgrounds.
- busterarm 4y ago
  Try gambling (say, poker) with the ultra rich. They don't really give a shit win or lose because they like the entertainment, but they _absolutely hate_ to lose to someone who needs the money. For one, that money is never coming back to the table for them to win back later, and two, that person was playing for completely different stakes as the rest of the table and actually "got over" on them. If you even want to get into such games, having the money isn't enough. You need the aura that it's small stakes to you. Multiple cash game hustlers have written about this phenomenon.
  - moonchrome 4y ago
    Generalizing gambling anecdotes sounds like a huge leap.
    - busterarm 4y ago
      Gambling shows you a person's true nature.
      - fsckboy 4y ago
        do you mean how each person gambles distinguishes each person's nature, or the fact of gambling puts you in the nature of being a gambler and says other things about your personality?
      - moonchrome 4y ago
        Generalizing from people playing at a high stakes poker game biases your sample a bit I'd say.
  - Aloha 4y ago
    what on earth does this anecdote have with my comments?
  - nebula8804 4y ago
    This sounds like a perfect description of retail stock traders vs institutional.
  - bestnameever 4y ago
    > Multiple cash game hustlers have written about this phenomenon. source?
  - fallingknife 4y ago
    > Multiple cash game hustlers have written about this phenomenon. source please
yodsanklai 4y ago
I attended an elite institution in my country. My experience: - people from less privileged background didn't need empathy. By being there, they were bound to have a successful career - students tend to get along better with people from similar background/interest but there were enough diversity so that nobody felt they didn't belong, and nobody was looked down. That being said, we don't have as much inequalities as in the US and also no quota/positive discrimination. Everybody who was there passed the same selective anonymous exams, which I think is very important. I can see why US students who benefited from favorable admissions criteria are looked down or suffer from imposter syndrome.
- antegamisou 4y ago
  I can relate to your experience and the reason is > Everybody who was there passed the same selective anonymous exams My comment was targeted to the US university system where getting born in the “right”family is all you need to have access to elite education.
vba616 4y ago
By definition, almost nobody goes to "elite" colleges, so 99.999% don't know what this is like.
tdehnel 4y ago
Oh knock it off. I’m not wealthy but I’m sick of this trope where we assume rich people are jerks. It’s a lazy, unintelligent critique, and what’s more, your comment shows that even non-wealthy people can be jerks too.
- antegamisou 4y ago
  It’s an empirically sound assumption to make, especially when it comes to people who are products of wealthy lineage a few generations back and have barely worked. > It’s a lazy, unintelligent critique I think this is what a subset of people belonging to lower socioeconomic classes tell themselves, and sometimes have heard it from their “superiors”, to better cope with their financial struggle. The poor people are just lazy is the motto of the privileged and is also a safe assumption to make for a rich person to have.
  - tdehnel 4y ago
    Your analysis is bad and your desire to judge others is worse. What percentage of millionaires inherited their wealth? Go Google it. Now tell me if it’s ok to judge any group of people based on that percentage.
    - antegamisou 4y ago
      > Your analysis is bad It may be incomplete but your next sentence about inheritance is actually what's poor judgement on your part. I didn't mention direct inheritance in my previous comment, however it's really hard to make any distinction between this and the fact that being born in the 'right' family means access to professional/educational opportunities due to specific connections almost never easily attainable by the ordinary mortals. And yes, this often means, especially in professional settings, getting away with doing the bare minimum and staying on the job just because the boss was in high school with your shipowner dad. > What percentage of millionaires inherited their wealth? This is a really problematic way to address the effect of inheritance has on one's wealth since such percentages are relied on self-reports, which means that effectively all will identify as self-made. I find it entertaining, but also telling about the brainwashing the financially desperate have suffered, people like Elon Musk being cited as self-made when they always happen to come from financially privileged families.

Aloha 4y ago

You can be middle class or upper middle class and have that viewpoint if you've had insufficient exposure to people from different socioeconomic backgrounds.

busterarm 4y ago
Try gambling (say, poker) with the ultra rich. They don't really give a shit win or lose because they like the entertainment, but they _absolutely hate_ to lose to someone who needs the money. For one, that money is never coming back to the table for them to win back later, and two, that person was playing for completely different stakes as the rest of the table and actually "got over" on them. If you even want to get into such games, having the money isn't enough. You need the aura that it's small stakes to you. Multiple cash game hustlers have written about this phenomenon.
- moonchrome 4y ago
  Generalizing gambling anecdotes sounds like a huge leap.
  - busterarm 4y ago
    Gambling shows you a person's true nature.
    - fsckboy 4y ago
      do you mean how each person gambles distinguishes each person's nature, or the fact of gambling puts you in the nature of being a gambler and says other things about your personality?
    - moonchrome 4y ago
      Generalizing from people playing at a high stakes poker game biases your sample a bit I'd say.
- Aloha 4y ago
  what on earth does this anecdote have with my comments?
- nebula8804 4y ago
  This sounds like a perfect description of retail stock traders vs institutional.
- bestnameever 4y ago
  > Multiple cash game hustlers have written about this phenomenon. source?
- fallingknife 4y ago
  > Multiple cash game hustlers have written about this phenomenon. source please

yodsanklai 4y ago

I attended an elite institution in my country. My experience: - people from less privileged background didn't need empathy. By being there, they were bound to have a successful career - students tend to get along better with people from similar background/interest but there were enough diversity so that nobody felt they didn't belong, and nobody was looked down. That being said, we don't have as much inequalities as in the US and also no quota/positive discrimination. Everybody who was there passed the same selective anonymous exams, which I think is very important. I can see why US students who benefited from favorable admissions criteria are looked down or suffer from imposter syndrome.

antegamisou 4y ago
I can relate to your experience and the reason is > Everybody who was there passed the same selective anonymous exams My comment was targeted to the US university system where getting born in the “right”family is all you need to have access to elite education.

vba616 4y ago

By definition, almost nobody goes to "elite" colleges, so 99.999% don't know what this is like.

tdehnel 4y ago

Oh knock it off. I’m not wealthy but I’m sick of this trope where we assume rich people are jerks. It’s a lazy, unintelligent critique, and what’s more, your comment shows that even non-wealthy people can be jerks too.

antegamisou 4y ago
It’s an empirically sound assumption to make, especially when it comes to people who are products of wealthy lineage a few generations back and have barely worked. > It’s a lazy, unintelligent critique I think this is what a subset of people belonging to lower socioeconomic classes tell themselves, and sometimes have heard it from their “superiors”, to better cope with their financial struggle. The poor people are just lazy is the motto of the privileged and is also a safe assumption to make for a rich person to have.
- tdehnel 4y ago
  Your analysis is bad and your desire to judge others is worse. What percentage of millionaires inherited their wealth? Go Google it. Now tell me if it’s ok to judge any group of people based on that percentage.
  - antegamisou 4y ago
    > Your analysis is bad It may be incomplete but your next sentence about inheritance is actually what's poor judgement on your part. I didn't mention direct inheritance in my previous comment, however it's really hard to make any distinction between this and the fact that being born in the 'right' family means access to professional/educational opportunities due to specific connections almost never easily attainable by the ordinary mortals. And yes, this often means, especially in professional settings, getting away with doing the bare minimum and staying on the job just because the boss was in high school with your shipowner dad. > What percentage of millionaires inherited their wealth? This is a really problematic way to address the effect of inheritance has on one's wealth since such percentages are relied on self-reports, which means that effectively all will identify as self-made. I find it entertaining, but also telling about the brainwashing the financially desperate have suffered, people like Elon Musk being cited as self-made when they always happen to come from financially privileged families.