"Hedge fund managers now are no better than the managers of 10-20 years ago, the system has evolved to favor them more."
Don't hedge funds now have better technology and bots etc that boost the productivity of each trader?
Yes, but at the same time there are many more hedge funds canceling out the relative advantage of each trader.
Yes, but that makes the market as a whole more effective.
Not to mention the marginal value of dollars to the hyper rich is substantially lower.
The wealth/income distribution we have now looks very different than it did even 10 years ago, so it is worth discussing as a society what the 'correct' distribution should be. Hedge fund managers now are no better than the managers of 10-20 years ago, the system has evolved to favor them more.
We can argue about whether they 'deserve' said wealth, but research shows that the wealthy need a given dollars less than the impoverished and growth can benefit when the distribution is more equal as well.