You're right that the system we have is inefficient and most of it is not suited towards good allocation. The family trust having that wealth has to have come

You're right that the system we have is inefficient and most of it is not suited towards good allocation. The family trust having that wealth has to have come from somewhere in the first place though - someone (probably you or your ancestor) has to have made something that people wanted and were willing to pay for (obviously this is in general terms, there are exceptions in unethical stuff like stealing etc) I broadly agree with your critique of the current system we have - which is why sensible social safety nets should be established and a government should exist as a safeguard and as a check on it. However, production is entirely different to distribution and we're talking about two different things. I'm talking about how an individual becomes and stays rich, you're talking about the system - I agree with the critiques of the system as a whole. People get rich by creating something people want. It is not by buying higher quality products or w/e the quote implies. You can buy all the crappy products you want and still be rich as long as whatever you're producing is in demand.