When we talk about inequality, we skew our perspective by looking at the most visible manifestations of it: penthouses in New York, mansions in Beverly Hills, the lavish wastefulness of hedge-fund billionaires or a misbehaving celebrity. But that’s not who most of the United States’ wealthy elite really are. They own $2 million houses on golf courses outside Orlando, Florida, and a condo in the Bahamas, not an architecturally designed oceanfront villa in Miami. Those billionaires (and their excesses) exist, but they’re not nearly as common as a less exalted category of the rich that’s no less structurally formative to our economy and society.

An enormous number of organizations and institutions are dedicated to advancing the interests of this gentry class: chambers of commerce, exclusive country clubs and housing developments, the American Society of Concrete Contractors, and fruit growers’ associations, just to name a small cross section. Through these organizations and their intimate ties to local and state politics, the gentry class can and usually does wield significant power to shape society to its liking. It’s easy to focus on the massive political spending of a Sheldon Adelson or Michael Bloomberg; it’s harder, but no less important, to imagine what kind of deals about water rights or local zoning ordinances are being struck across the U.S. on the eighth green of the local country club.

Some people work their way into this property-holding gentry class by virtue of their blood, sweat, and sheer gumption. That’s one variant of the American dream: the belief that hard work and talent, and maybe a bit of luck, can take a person into the ranks of the elite. But far more members of the gentry class are born into it. They inherit assets, whether those are car dealerships, apple orchards, or construction companies, and manage to avoid screwing things up. Managers run their companies, lawyers look over their contracts, accountants oversee their finances, but they’re the owners, whether or not they’ve done a single thing of their own volition to accumulate those assets. This is broadly true of gentry classes: They’re hereditary. Large amounts of property of any kind form a durable base for generational wealth, whatever specific shape it might take. The American gentry class isn’t entirely closed to new blood, but it, too, is hereditary.