In what way is this communism?
"Approximately 70% of wealthy families lose their wealth by the next generation, with 90% losing it the generation after that." [1]
1: https://fortune.com/recommends/investing/generational-wealth...
in the end only smart ones will have $$$, everything according to their merits/efforts
So it's not a meritocracy - it's an inter-generational relay race. A meritocracy involves a level playing field. A 100% inheritance tax would help.