I knew waaaay too many people in the business school at the U of C who were sons and daughters of oil and gas tycoons and other wealthy people. Lots of them weren't there on their own accord, mommy and daddy sent them there so in order to jump immediately into the family business or industry. If you've ever wanted to see a student drive a BMW or Mercedes to school, go hang out at Haskayne for a day.
I had many of these people in my group projects, and for the most part, I always ended up doing more than my fair share of the work. I didn't mind it actually, because I was just gaining more from it than they probably were anyways.
Wealth is passed down from one generation to the next, but I really do not think, as a whole, it serves the best collective long-term interests of the individual. A work ethic and an intellect allowing the individual to accumulate that wealth on their own is far, far more valuable. When the money runs out, you've gotta rely on your skills.
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