1% er's don't get their wealth be equal distribution of the pie, but by uneven distributions, something they've honed over the years. Suggest you do a bit of research into all their manipulations. It might give you a better appreciation of why the discount remains so large.
That others have the same shortcomings is no excuse for poor performance. It is the same argument used by so many politicians and CEO's that have had their hands caught in the "cookie jar".
The 1%'ers, both red and blue, have perfected that specious reasoning and cannot exist without it. And with lemmings like you, because you accept what they do, they all continue to prosper...... at the expense of those not in the 1% club.