You're unaware there are people who more easily get into elite schools because of their parents?

Educate yourself. It is a widespread systemic problem often called affirmative action for Whites: https://en.m.wikipedia.org/wiki/Legacy_preferences

"Nepobaby" (as in nepotism baby) or simply "Legacy" is more commonly used.

This skips what is supposed to be a meritocracy and can quite straightforwardly be argued to be perpetuating an oligarchy and plutocracy

So yes, it's negative.