Explain this to me! I think Gen-X'ers are also fed up with psychobabble! I know I am!
The most perfect meritocratic element of our society is professional sports. In that world a few superstars are showered with enormous wealth, a larger group make a decent living, and the remaining athletes of the world have to find some other way to survive. Without some form of redistribution - noblesse oblige or taxation or you name it - you'll get that kind of distribution over much of society.