Exactly. "No war but class war" applies also to generational war. I love the way Some More News tackled the subject : https://youtu.be/Pit-WT0pU34

Total household wealth in the US is about ~170 trillion dollars. Those 12 own about 1% of all US wealth. Not shabby for a dozen people but the main issue of American society isn't the handful of people who hit the news but mostly the top 19% below them. Richard Reeves wrote a good book on the topic: https://en.wikipedia.org/wiki/Dream_Hoarders

It's the upper middle class that fills educational institutions, prevents the construction of new property, hogs most of the old property and in general has impacted the upward mobility of the lower classes. Musk has a lot of issues, but he's not really getting in the way of people getting richer themselves.

Also Taylor Swift, Beyonce, Rihanna and may others the generation adores.

The ultra rich are also a problem. Wealth makes it easy to get wealthier. You can take unlimited risks. Copy the ideas of startups. Act in anti competitive ways. Live off loans. Etc

They are both true? Between the ultra rich and the elderly there are scraps for everyone else.

Those guys own squat compared to the assets the boomers own personally and fractionally.

That said, they do get to exercise infinitely more control and power than a bunch of old people who own non-voting shares and real property that's only valuable at the whim and pleasure of the local regulators.