It seems like we agree, more or less. I'd say there are more factors, and talented and hard working people can still get pretty screwed, but that's beside the point.

To your original question about the wealth transfer, this isn't just the rich selling their subscription services to the poor or something like that. It's a much broader subject.

Some ways in which it can happen include inflation eroding wages while increasing asset values, high-interest debt, tax loopholes favoring capital over labor, financialization driving up costs of essentials, government bailouts benefiting corporations, privatization shifting public assets into private hands.

You'll probably agree that some of these things have been happening for decades, and some people want to accelerate the rate at which they're happening.

Yes, many of those things happen, for various reasons. Not one of those reasons is a cabal of cigar-smoking men in top hats twisting the mustaches and saying "Muahahaha, now I'll steal money from the poor!" like many people seem to think.

It’s way more mundane than that. They just rationally protect their self interests using the power they already have.

To claim that it’s not happening is not believable. Why wouldn’t they protect and expand their wealth and power at the expense of the serfs if nobody is stopping them?