Let's imagine the world, where government has all the money at the beginning and we need to decide how this money can be shared with people. Do we all need to be equal? Or should our salary depend on the work we do?
You don't have to imagine: something like that was tried in the real world after the U.S.S.R. imploded. When it came time to desocialize, the new Russian government decided that the best way was to issue shares in State-owned enterprises to everyone. It was like a gigantic "Free and Fair Distribution" experiment - and it had the same results.
Most of the folks who got their shares said, "Yay! Free money!" and sold their shares for whatever they could get. The biggest buyers with the most liquid bids - those folks were the first oligarchs.
"Pareto's Law" lives. What was interesting about the '14 Free-And-Fair fad is that it showed
why Pareto's Principle worked. The ones who "scooped up all the money" were a mixture of bad and good, but what they had in common was that they were more future-oriented.
Funny that a big swinging whale would have so much in common with a bagholder, but there you go.