Yes, this is exactly what it is. The smart and hardworking 1% have an asymmetric positive effect by building innovative companies where the 79% of the middle class work which leads them to pay taxes that go to maintain the bottom 20% who are useless due to low IQs and other dysgenic effects. It's not nice to be a part of the 20%, and these people would be way happier in the 79% instead, so my ultimate proposal is to use embryo selection to get rid of those genetic inequalities, and hence, getting rid of socio-economic inequalities forever after 3 or 4 generations.

I wrote two other pieces on this topic which you should read if you're interested in it. One is called "What Noah Kagan doesn't get about poor people" and the other is called "This Book Shows That Inequalities Are Caused by Genes, Not the Environment".

Anyone against this proposal means that they want poor people to remain poor, which, I am sure, isn't your intention.