It's currently a good predictor (socio-economic clustering) but it's less causal (find the right buddy -> immediately become wealthy).
It's objectionable because it introduces yet another mechanism for dramatically increasing inequality and economic stratification while also making capital markets more corrupt and less efficient, which undermines core aspects of our economic system.
It's objectionable because it introduces yet another mechanism for dramatically increasing inequality and economic stratification while also making capital markets more corrupt and less efficient, which undermines core aspects of our economic system.