In Europe, especially Spain, the problem is that the old people aren't willing to give up their posts to their young successors.
Because old people are harder to fire and unwilling to quit, companies hire and fire young adults with extremely flexible work contracts which means it is much harder for them to live off their own work and basically their best option is to live off the work off their parents or grandparents. They are literally waiting for the old people to die so they get a spot at work.
Also, I don't own a significant portion of the wealth that surrounds me, in fact I have to pay the owners of the "wealth" that surrounds me and give up a non significant portion of my income so that they can pretend to provide more prosperity than me. Having an opportunity to replace them and get rid of their prosperity would actually make my life easier.