What you're describing would actually be much closer to a meritocracy than what we have now. The fact that your proposition frightens people shows that they do

What you're describing would actually be much closer to a meritocracy than what we have now. The fact that your proposition frightens people shows that they don't actually want a meritocracy at all. Many of those wealth creators you describe would get annhilated in the markets if they were on a level playing field with everyone around the world.