What I see discussed much less than inequality is social mobility. Why precisely is inequality bad? I'd argue that it is bad in large part because it implies la

What I see discussed much less than inequality is social mobility. Why precisely is inequality bad? I'd argue that it is bad in large part because it implies lack of social mobility - when top 1% consists of the children of the top 1% of the previous generation while everybody else is stuck trying to make rent, something is wrong with the society. In this light more equal access to knowledge and education is a step in the right direction. And elitism, impenetrable jargon, arbitrary barriers to entry etc. are not. But, you imply that who gets past the barriers is determined only by "cognitive ability". What if it is not the case and the structure of society is responsible too? When your "cognitive elite" consists mostly of white males with specific backgrounds who went to specific colleges that's suspicious. Now when someone with a lot of money is out of investment opportunities with acceptable ROI and seeks for someone to create these opportunities for them, that kind of promotes social mobility but only up to a certain level.