This quote is a satirical critique of the American society’s obsession with wealth and the power it brings. Twain is suggesting that Americans, in their pursuit of wealth, are treating money as a deity, giving it the highest importance in their lives. However, he also juxtaposes this with the concept of ‘Heredity Privilege’ which refers to the privileges and advantages one inherits by virtue of their birth, such as class, status, wealth, and opportunities.

Twain, in his usual wit, claims that worshipping the ‘almighty dollar’ is a more worthy practice than respecting hereditary privilege. This is because the pursuit of wealth, in theory, is open to anyone willing to work hard enough, regardless of their background. It is a meritocratic principle. On the other hand, hereditary privilege is unearned and perpetuates inequality and class divide.

In today’s world, this quote is still relevant. The obsession with wealth is still prevalent, and many people measure success by material wealth. However, there is also a growing critique of this mindset, with more people advocating for a balanced life that values relationships, health, and personal growth.

In terms of personal development, this quote can be interpreted as a call to focus on one’s own growth and achievements, rather than comparing oneself to others who may have been born into privilege. It encourages the pursuit of success through one’s own merit and hard work, instead of relying on unearned advantages.

However, it’s also important to recognize the systemic barriers that can hinder this meritocratic ideal. Not everyone has the same opportunities to succeed, and wealth inequality continues to be a major issue. Therefore, while we should strive for personal growth and success, we should also work towards creating a more equitable society where everyone has a fair shot at success.