I did not come from a family of engineers. For most of their lives, my parents had to struggle to survive as immigrants, living in a fairly rough area, and making ends meet.
I was lucky enough to go to university for STEM. I saw the huge difference between myself and students who came from families that had even one parent experienced in any sort of engineering (let alone both parents). Not only did they always have someone to consult, but they knew what they were getting into, they were much better prepared, and for the most part, they were building the toolset from their early teens.
It dawned on me that similarly, people coming from very wealthy families are likely to be better prepared to create or at least sustain wealth, in a way that might be completely taken for granted, but is actually the result of years and years of mentoring and picking up on behavioral hints at home.
This is the meaning of inequality. It's literally the family you're born into. Your kids will make it either way way because you have already paved much of the path and can show them the way. For schools and jobs to insist on hiring people who are not born into this circle, is a good thing.
Another thing to mention is that I am far from being a touchy politically correct person. I don't really care about minutiae such as naming your git brach this way or that. But in inclusion I feel I've seen inequality from both sides of the coin. And I definitely support letting more people into the party.