The babyboomers refer to us as generation Me, so I suggest we start referring to them as the Cronus generation, after the Greek god who ate his own children out of fear that they would seize power from him.
No, your economic fortune isn’t just based on work ethic and idea quality. It’s also a gaping inheritance disparity
"If [children of the wealthy wind up receiving wealth that will allow them to generate soaring incomes from capital income alone], the meritocratic rhetoric that we use to justify America’s extraordinary levels of inequality will only become even more preposterous and delusional.
”Inheriting big piles of wealth and then using those piles to bring in even more unearned wealth is the exact opposite of meritocracy.”