True. The inheritence of cognitive ability is more important than money.Paul Krugman is a fan of Piketty's book and said he was quite surprised to learn — as Piketty demonstrated with much evidence — the large portion of income disparity that is attributable to inheritance.Generational wealth is an observable fact. Families pass assets. It is delusional to deny the existence of generational wealth.Keeping talking of generational wealth doesn't make it so.
The heritability of general cognitive ability increases linearly from childhood to young adulthood - PubMed
Although common sense suggests that environmental influences increasingly account for individual differences in behavior as experiences accumulate during the course of life, this hypothesis has not previously been tested, in part because of the large sample sizes needed for an adequately powered...
pubmed.ncbi.nlm.nih.gov