Society is not starting at zero right now, it has developed for 10.000 years with many genocidal wars. As a result, 1% of the population has achieved generational wealth due to some sort of "value creation" by their ancestors.
Through trial and error and a lot of violence, humanity has noticed that with free trade and free enterprise, the welfare of everyone else can significantly improve (toilets, food, entertainment), while the overall amount of violence significantly decreases.
Because when people put their money where their mouth is, capital can be allocated much more efficient than through other means (e.g. the King of England forcing a levy and centrally deciding what industry to invest it).
The only problem with this model is deflation, because if there is no incentive to deploy capital, then the overall pie shrinks and people start fighting about keeping their shares. That's why central banks talk about target inflation rates of 2%, because purchasing power of your hoarded capital needs to shrink in order to incentivize you to use your capital in a productive way, which also increases the overall pie for society.
The main thing one can criticize about generational wealth such as Trump, Epstein, Musk or Thiel is the fact that they have to lie about its existence, and keep up a charade of "I'm self-made" due to their low self esteem.
The alternatives are always worse for the common person. I'd rather have Trump, Epstein, Musk and Thiel than even bigger capital concentration like it was with the British crown and the Catholic church in their full bloom.
Ideally, those figures would also follow the moral code of the rest of society, but still it's much better than their parents who did crazy shit in Africa only 50 years ago, or the crown and the catholic inquisition a couple hundred years ago.
There is a country that allows police to just take your stuff and then demands you to prove it wasn't illegal. Also such property can be used/sold/spent by police force it was stolen by. Does it sound like private ownership is supported by the state? BTW. It's called civil forfeiture and country is named USA.
Realistically civil forfeiture only affects small fish because old money first sets the tariffs, then uses their legal invincibility to circumvent them for maximum profit, all while flying in their product directly to US military bases because some racists think it's a good idea to feed drugs directly to black people in order to derail their civil rights movement. Profits are moved through offshore accounts in the financial system overseen by the British monarch and managed by people like Epstein.
That's the system, we won't be able to change it, our only option is to get a small slice of the pie by creating a win/win situation for an heir of old money who claims to be self-made billionaire.
But there is no better way to overcome old money than inflation.
Any violence is basically a struggle between different factions of old money, and it's overall impact is net negative for the majority of people. That's why certain factions of old money bring in their religious beliefs in order to justify violence - but in the end the normal people suffer from it.