Some interesting points:
Rags to riches to rags in 3 generations;
if you're smart and ambitious your children won't necessarily be so as well.Freedom ultimately delivers the means of production to those best able to maximise the wealth generated by their use.
Reduction of excessive regulation and corporate taxes can bring back to a country previously off-shored jobs.
Hiring based on an agenda and not on ability negatively affects not only the economy but also the excluded capable individuals by making them more susceptible to "deaths of despair" - suicide, alcohol, opioids.