Earlier quoted context omitted.
I agree with your second point that we have over-fitted education to optimize standardized test scores to the determent of encouraging intelligence. But at least from my personal network developed from growing up in a working-class town and eventually living in extremely wealthy neighborhoods in extremely wealthy cities I have not noticed a strong relationship between "the ability to DO THINGS" and someone's social o…
Your anecdotes not withstanding, it is a myth that most rich people inherited their wealth. https://www.cnbc.com/2019/09/26/majority-of-the-worlds-riche... Maybe you don't trust this source but there are many others like it. This bizarre push to make everyone think that there's no meritocracy, which I guess goes hand in hand with the fashionableness of being a victim, is cynical poison being driven by people with rad…
From your link: "“As our society has become more meritocratic, we’ve simply replaced an aristocracy based on title, class, race and gender with a new and equally persistent aristocracy based on genes, education and parenting,” Pearlstein continued. “Unless we are prepared to engage in extensive genetic reengineering, or require that all children be brought up in state-run boarding schools, we must acknowledge that we can never achieve full equality of opportunity.”"