Regarding the latter, its not the subsidize chance to take a risk, its the subsidized chances, plural. There is a selective evolution towards already wealthy people because everyone else gets one chance and is shut out for the next decade or so working for wages, and god forbid they pursue or get involved in any relationship rite of passage over that next decade, greatly reducing the probability of being able to take a risk without consequences to the relationship.

Excellent point

Except that 80 percent of millionaires in the USA are first generation affluent. Google it, primary source is research conducted for the book the millionaire next door.

The impression I got from that book is that the average millionaire is someone in their late 50s just about to retire, and they need that million+ for retirement. Statistically true, but not really relevant to entrepreneurship IMHO.

Millionaires is probably not the right measure. Look at entrepreneurs. From my observation a lot of them come from families where the parents can help if the business doesn’t work out. This help may come in the form of having a place to move back, help with rent, buy a car, have relatives that have some money to invest. You don’t need millionaire parents for that but it makes a big difference.

Except we're not talking about millionaires.