Merit

 This form of meritocracy would be market based with a combination of a balanced (cautionary and reform) and somewhat more creative and common sense form of equality of opportunity with a Merit based opportunity system where parents are heavily encouraged or maybe even incentivized to raised their children like some hands on parents raise their children and to promote better education so the children has the best tools they need to get a fair chance (but a fairer chance than in a pure Merit Based Opportunity system since there would a somewhat more limited version of Equality of Opportunity .     

This would also include a Equitability of Outcome based on the Fairness Model but also heavily encouraging entitleds to counteract the Equitability (meaning if one worker goads the boss into everyone getting more pay but all being equal, then another worker who was the highest paid worker before this Fairness model Equitability of Opportunity was put in place then would ask for their own salary to be raised so they can be the highest worker again instead and so on) 

The above system would have safety nets that include the various fiscal things mentioned here to give some security and dignity to people who fall onto hard times, regardless if they are most talented and abled workers in our society.

However in times of major economic depressions (like the Great Depression), the system would switch to just the Merit Based Opportunity System mentioned above, with Social Democracy welfare safety net for laid off or fired workers and incentives for them to take lesser jobs during said depressions.