I understand your point but in the South even nowadays most folks who have money they got it the old way inheriting it.
I'm aware the South is changing.
answering the OP @7829V question: Most folks assume I was born with white privilege... actually that came later in life, when I was born Irish-Americans were considered "ethnics" and were denied housing and job opportunities in many places. Some covenants excluded us based on religion and race because we weren't of the "Nordic branch of the Caucasian race"