And I am certain your grandfather was/is too. I completely agree with him, what we know and understand is real wealth, the physical kind can be gone in an instant.
As the old Stoneground song goes "you must be one of us", I find myself thinking that here sometimes, it's why I like the place.
I know this is a corny thing to do, but this is for the theme of your OP, which did actually occur in a big way among the boomers as life got underway. I suppose it happens to every generation to some degree. But having been hippies and protesters, which was a somewhat idealistic and genuine undertaking, the selling out among us seemed more stark.
Then too, I think very few have any idea that as an after-effect of COINTELPRO, a huge number were actually blackballed via the Rand list for much of their lives. On the vet side, those who were "inconvenient witnesses" to various things that still aren't admitted to this day, were blackballed and worse via SPN numbers (which was unknown, and then when discovered was vehemently denied as "conspiracy theory" for quite a while; now there is a new unified system done via bank codes).
Many watched their rightful places in society being taken by B, C, and D listers, en masse. How many know that Bill Clinton spied for the CIA in college? That sort of thing was commonly done by some among us. And they soared to the top (and to this day there are concessions to "their own" , but their character deficit remained the same. We all watched this happen and we knew what was going on. The 80s greed followed directly from it, and then the 90s as we know, and the rest.
So the theme of this song was very real at the time (1976, I was 26 and the harassment was at its height), and of course still is.
And this (1980) is for the flip side, for those who choose to keep paying the price, rather than give in to those who would oppress us all.
I had to smile the other day to see that Jackson, Graham Nash, David Crosby, and Bonnie Raitt, among so many others of course, are all Sanders supporters.