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College and University Discussion
Reply to "Asian American student with 1590 SAT score blames affirmative action for rejections from 6 colleges"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Nice. There are [b]American families living off of money made a hundred+ years[/b] ago back when even the most ardent apologists will acknowledge how bad things were. But the fact their children can continue enjoying preferential treatment only elicits a sardonic wink.[/quote] This doesn’t describe many. While it’s a common claim among African Americans, it doesn’t hold water. Studies of wealth in America show that most families pass little wealth to the next generation and of those who do it’s typically dissipated in the next generation. Even once-rich families like the Vanderbilts have lost their wealth. Overwhelmingly, today’s billionaires made their wealth through contemporary business pursuits - [b]Gates, Buffet, Musk, Zuckerberg, and Bezos were not born billionaires nor have they benefited from the past slave trade. [/b] [/quote] Sweetheart. Slavery is not the only issue at play. Every single one of the people listed benefited from being white and/or having white ancestors who were able to hold certain jobs, get GI education, buy tract housing and then move up the property ladder, not pay higher interest rates for loans, hired for white-collar jobs, allowed to attend colleges and universities with connections.....I can keep going. While [u]Bill Gates[/u]’ family background wouldn’t be considered “‘ultra-wealthy”, his parents certainly did very well for themselves. Bill Gates Sr. was a successful lawyer in the Seattle area and was a partner at a law firm. They had enough money to send their son to Lakeside Private School in the Seattle area (and later paid for Bill Gates' first two years at Harvard Law School). [u]Buffett[/u] was born in Omaha, Nebraska. The son of congressman and businessman Howard Buffett, he developed an interest in business and investing during his youth, eventually entering the Wharton School of the University of Pennsylvania in 1947 before transferring to and graduating from the University of Nebraska at 19. Musk parents- model and wealthy engineer Zuckerberg- two physician parents and attend Exeter before Harvard Bezos- the only one listed who scrapped, statistically unlikely to succeed after being born to two teenagers. Even with the dissipation of wealth in future generations you still get connections and education. Legacy admits are a real thing. [/quote] +1[/quote]
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