Well yes, it is. Like I said, I've dabbled with the upper crusts but I most definitely did not fit in & was too immature at the time to understand properly, so definitely outsider viewpoint.
Fair enough re the method by which to prune the bad apples. Re fortune, I didn't say that it couldn't be squandered, just that even with selfishness and immorality, some fortunes are big enough that with a modicum of self-restrain they would stay the same or still grow while being used improperly. The problem is when you're left with the only-child bad apple who is still part of the 15K, and there is more than 1. What then?
Re corwardice... sure, wealthy /and/ self-made. But you mentioned 15K families. As you yourself said, if of a good family then you have every advantage, so it isn't really self-made, i.e. there's no risk of failure there per se unless they turn out to be bad apples. There's no eating rice and beans hoping to make it. For the self-made, sure, it is, but you yourself said 15K families in part derived from dynasties going back to roman times. I suspect it's not a majority that are self-made in light of the long history. Also, I'm not saying taking the risks is not possible, but rather that it can arguably be immoral to take the risk and rely on things you know are made by actual slaves when you have the choice to spend more and support industry which is made up of people who want to do the things they're doing/have a passion for it. In which case, isn't it arguably worse, on a global level, to not spend? Don't get me wrong, I've recently realized my shortcomings in this respect and been working hard not to be one of these spend everything folk, but I also like discussion and hearing differing viewpoints, so I gotta ask^.