Life "should" be 'meritocratic'.
As I understand it, there are many negative outcomes of the myth of a meritocracy, but (Given a minimum level of security provided by society, that is dignified.) the idea that work, effort, genetic lottery winners, etc... should not be able to take the entire monopoly board (Right up until it impacts the minimum level ppl can fall to in the security net) seems like a very appealing idea.