Nonsensical? Ludicrous? I'm deeply offended by your unpatriotic rantings, you communist coward. It is, by far, the most efficient system... for siphoning money into the pockets of the already rich, who deserve every penny.
You just need to work harder at pulling yourself up by your own bootstraps. You may think you have grit, determination, and intelligence but clearly you don't have enough of any of those things because, if you did, you'd have managed to be born to rich, connected parents.