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Kids whose parent's are knee deep in debt usually end up in the same position themselves. Its about influences, not some special elitism, although I'm sure there may be a hint of bias.
Hitler blamed the Jews for Germany's problems before WWII much like some leftist nutjobs like to blame people earning over $100,000 a year for the world's problems today.
And yes, if you have more money you probably are better educated. Smarter? That depends on your definition of the word.
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