Reply to Craziest “pointy” narratives that worked this cycle

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I used to work with--maybe I should say for--very rich people, and there's definitely a lot of industries that exist to extract their cash. It's probably a wink and a nod game: colleges know it's a performance, but they know that anyone rich enough to be on that stage is probably going to donate money later. [/quote]

Ha. I bet you’re right. It’s a  Veblen good signal. [/quote]

I had to look that up. Yes. That's even in the article--the guy said he used to charge 75/hour until one client told him he'd get more business at 1.5 million. [/quote]

Freakin rich NYC finance bros. Ugh.

But unfortunately this does trickle down to the less-rich. My sister in NYC is paying and stressing a lot for college counselors, fake service trips, and staged internships for her DD. She can afford it but definitely not NYC wealthy - she just believes it is what you “have to do.” Meanwhile her DD is a supersmart, hard working, funny sweet kid who will definitely be admitted to a decent college with or without the fake internshop. [/quote]

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