They send their children overseas to overpriced universities, and are allowed to justify buying luxury cars, and other school related expenses. I don’t think th

They send their children overseas to overpriced universities, and are allowed to justify buying luxury cars, and other school related expenses. I don’t think the mentality on these expenses is getting a 1:1 conversion rate, but that money is meant to be spent. There’s various ways they can fund their children’s business ventures (passion projects) overseas without expecting it to ever turn a profit. With the nepotism in Asia, it doesn’t really matter what degree the children of the elite gets, but more school is always viewed as favorable, possibly even moreso than practical work experience sometimes. This is why you see a proliferation of masters and graduate programs in the United States that don’t require GRE or standardized exams. Obviously it’s a different story for the employment seeking middle class. To your point, it’s not uncommon or a bad idea for the student to study the arts or art history degree either.