You're right about how foolish rich Chinese are. I think many of them became rich by corruption rather than by using their brains. Another reason they are tricked by unscrupulous Chinese TC owners so easily is on account of their basic belief that sth must be good if it costs the earth. The more money they are told their little emperor's (or little empress'es) education will cost, the better it must be Huh! Lambs to the slaughter!