Summer Camp for the Ultra-Wealthy Teaches Kids How to Stay Rich

https://www.bloomberg.com/news/features/2018-07-30/at-rich-kid-summer-camp-big-banks-try-to-hook-heirs-for-a-lifetime

by Ibethewalrus • 8 years ago

29 17 8 years ago

astrodust3• 8 years ago

Better idea: A camp where they have to struggle as the working poor for two months and get shit on by cops, bureaucrats, banks and angry customers.

madeuptempacct• 8 years ago

You can't mimic being poor. Enduring whatever isn't that hard when you know it's just a temporary game. At the very least, you don't get the psychological effect.

Despite that, it would still be useful.

extralego2• 8 years ago

That’s right, but I doubt the “would still be useful part.”

I’m not sure there’s anything more harmful to society than wealthy folk who think they were poor once, but were not.

Short-lived poverty feels like a game to me. It’s entirely motivational. The psychological toll doesn’t set in until repeated let-downs begin sinking in, and opportunities start evaporating. It begins undermining every other aspect of well-being and it really seems like somebody is playing a trick on you. This is why poor people prefer to be surrounded by other poor people. It helps to be reminded you’re not alone, which is what truly puts a person over the edge..

stuckinarut3• 8 years ago

Nah what you do is tell them it's 2 weeks.

Then pull them out after 2-4 years instead.

Kalium3• 8 years ago

That's a wonderful idea, well worth exploring! Surely having that experience would teach people some empathy, some sympathy, and some compassion for their fellow human beings.

My general experience is that deliberately inflicting pain and misery on people in an effort to teach them is an excellent instructional approach. Mostly it tends to teach those people that you are an ass, rather than whatever the intended lesson happens to be, but I'm sure that's incidental.

astrodust3• 8 years ago

At the absolute least you might identify those who are sociopaths and those who haven't been completely corrupted by wealth.

nickthemagicman• 8 years ago

Love it. The super rich are so drastically removed in their experiences from the 99 percent of the population from birth how can they ever have empathy or understanding for the rest of humanity?

Combine that with the massive power and political influence that comes with money and the chances are they're not looking out for the best interests of society as a whole and humanity ends up having revolution after revolution...nothing changes with our primitive human monkey brains.

pasbesoin• 8 years ago

WTF is going on with that URL? I get and endless loop of what appear to be redirects.

P.S. Update: It appears to be something in my browser configuration, perhaps a bad extension update.

test6554• 8 years ago

Seems like a brilliant marketing strategy from UBS. And it's a great way for wealthy youths to make friends and learn about responsibly managing and preserving wealth.

randyrand• 8 years ago

Having multigenerational wealth is actually very uncommon and hard to do. I wish them luck.

stuckinarut3• 8 years ago

Summer camp for the poor teaches the glory of revolution against inherited wealth. /s

This headline is a microcosm of what's wrong in America today.

DougN7• 8 years ago

“Average age of 27” ???

This is hardly the summer camp the title would lead you to believe.

Summer Camp for the Ultra-Wealthy Teaches Kids How to Stay Rich

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