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Yeah it is almost like the opposite situation described in this thread.

It is the super rich that are hoping their child will become friends with the next Bill Gates. Not the next Bill Gates hoping he can meet a spoiled rich kid

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Bill gates was one of the spoiled rich kids. But ignoring that the relationship goes both ways. The legacies want to be surrounded by people who are legitimately smart, high achievers. The smart high achievers want to be able to network with the legacies as they are what gives the institution prestige and make the alumni network valuable. Having only legacies or only meritocratic acceptances would be worse for both groups.

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