Are Our Nation's Dynasties 'They Who Shall Not Be Named'?

I like +Paul Krugman's use of the term Trustafarian in reference to U.S. dynastic wealth in his column today regarding +Gregory Mankiw’s defense of inherited wealth. The term captures the trust fund source of this wealth, while at the same time suggesting a carefree (meaning totally unproductive) lifestyle. That carefree part is, of course, based on a stereotype of the Rastafarian. So I acknowledge, Krugman chose a term that isn't at all PC. 

I wonder sometimes about the relationship between our society's general lack of appreciation for systemic dysfunction and the absence of compelling terms for describing that dysfunction. Does the term wealth gap really capture the structural problem we face in our economy? A tiny minority of citizens have rigged our country such that they receive the lion share of all the wealth generated by our economy. Somehow the word gap just doesn't seem sufficient. 

And make note of what is missing in the second to last sentence in the previous paragraph: an evocative reference to that tiny minority of citizens. Who are these people? And what do we call them? The Urban Dictionary defines the word Trustafarian as [the subset of]

privileged white kids who subscribe to the hippie lifestyle (because they can) since they have no worries about money, a job etc. They can then devote their lives to eating organic, following Phish, and wearing dreadlocks (no need for job interviews).

 But what about the beef eating, sports loving, choral music listening privileged white kids? What about the Trekkies and the Harry Potter fans among the point one percent? What about the Koch Brothers for god's sake? They're certainly not Trustafarians! And yet they all have a vested interest in low to no estate and capital gains taxes, corporate subsidies, no financial regulation, etc., etc.

The point is, Trustafarian may not be PC, but it's also not sufficient. Having a Citizens United, corporations-are-people community living in the shadows makes it very difficult for society's consciousness to perceive the parasite eating away at our economic health.