The tl/dr summary of post-Cold War America is:
Our elites hogged all the assets, then they hogged all the power, and then they hogged all the virtue.
This is why they refuse to look in the mirror and see just another grubby aristocracy like the same aristocracy societies always cough up, but have a desperate neurotic need to be seen and acknowledged as cool, hip, edgy, wise, compassionate—an intellectual, political and moral elite who have the same divine right to rule as any pharaoh ever did, except that they deserve this because of "merit", i.e. being good at school, social climbing, jargon mastery and ass kissing.
We're just about at the 10-year mark of their nonstop histrionic meltdown over the MAGA Peasants' Rebellions and it's melted almost every brain and warped every soul from Brookline to Brooklyn to Berkeley, and there's nothing that they won't say, do or burn down to get back that rosy feeling of being god's chosen ones.
It drives them absolutely mad that those of us outside their virtual Versailles don't have the same exalted opinion of them as they do. What's the point of getting all those As and mastering all those markers of social superiority if the lower classes refuse to worship and obey?
Hell hath no fury like an aristocrat scorned!