Earlier quoted context omitted.
I mean, wars were fought over that and revolutions had. People decidedly did not like royalty, large so-wealthy-it's-hard-to-achieve groups, being so far above them. For a while, people much preferred knowing they could work hard or smart and make progress from the bottom to the top 20%. We're talking about the top 20% here. Not the top 0.1%.
This is one of my big take-aways from the article. My great-(great?-)-grandparents from Eastern Europe armed with nothing but excellent numeracy, some English, and the clothes on their backs. They could reliably expect to enter move out of post-immigration poverty based on skills cultivated for the purpose of success in the US. My great-x-grandfather ended up a bank manager. And they passed money and knowledge along…
Catching up in terms of wealth is probably a lot harder (because we continue to get richer).