[ktd]

>It's why there is a centuries-old hatred of inherited wealth and position in all modernized cultures.

Isn't the opposite true?

We can certainly point to famous examples of heirs/heiresses behaving badly, but that seems largely the exception rather than the rule-- by and large, the terms nouveau riche and "new money" carry a negative connotation, while "old money" is associated with taste and sophistication (though certainly also snobbery).