Well, why do you think the elites are unanimously supporting the recent equity initiatives? Because in reality they penalize the potential contenders from the rank-and-file class, while the top ladder plays by their own playback.

I don't think that's the motivation. Elites don't mind if some bright poor kids get a good education-- all the better: more advanced education means that there is a larger hiring pool to fill complex jobs at the elite's companies.

When you're highly privileged it's extremely easy to imagine that most things are positive sum and not zero sum competition because when you're wrong and your cooperation was actually a disadvantage it's still no big deal for you.

Instead, I think it's just cheap feel good measures, virtue signaling, and not wanting to take the costs/risks of bucking a fad. If you don't know whats good or bad, well cheer for the popular change and pat yourself on the back. If you do know that the initiative is bad, speaking against it may get you called a racist-- better to say nothing and relocate to where your kids will get a good education.

Someone sufficiently wealthy never has to worry about a known bad policy resulting in a poor education for their kids-- they can always apply money to the problem, one way or another.