If this is true, then the children of billionaires would rise to the top even if they went to the same state schools and had the same resources/networks as everyone else. (Obviously the billionaires don't agree with you since they send their kids to exclusive private schools that cost more than a normal person earns in a year.)
If this were true (and I am not arguing that it isn't), a very high inheritance tax could be levied - the kids of billionaires don't need it because they will rise to the top anyway, and you can cut income taxes and corporate taxes to incentivise startup creation instead.
> If this is true, then the children of billionaires would rise to the top even if they went to the same state schools and had the same resources/networks as everyone else.
No, because those private schools are part of the parents' choices about upbringing. Moreover, it's impossible for state schools to be good because it's politically impossible for state schools to teach unpopular truths.
If this were true (and I am not arguing that it isn't), a very high inheritance tax could be levied - the kids of billionaires don't need it because they will rise to the top anyway, and you can cut income taxes and corporate taxes to incentivise startup creation instead.