Yes. Imagine if you could get an elite Wall Street or Consulting job based significantly on who your dad is. That would be unfair, discriminatory, and otherwise pretty terrible, except for the already elite and wealthy. Oh, wait...that already happens, and it's indeed terrible in all the ways you would predict. This really needs to be cracked down on, but the rich and powerful will always support it.

The rich having their way is the blueprint for a third-world country.