Liberals will tell you -- correctly -- that 90% of Americans will live and die in the same socio-economic class they are born into. They will also tell you -- incorrectly -- that the American dream is a lie intended to convince people to live with great inequality.
Capitalism is highly selective. Not everybody is cut out for the world of high competition. Some fail once and never try again. Some are too afraid to even try.
Liberals argue that hard work and persistence are no substitute for luck. Often that luck comes from being born into the right circumstances. Therefore, those who achieve success did so by being lucky in life's lottery, not because they worked for it. There is nothing to be proud of in success. It merely means that a successful man became successful, not by means of his own work, but by standing in the right place at the right time. His success is not his own, therefore neither is his money.
This is what I'm trying to get at.
Yes, I see what Rand is saying, here. It’s the foundational belief of the looters/liberals.