I don't really disagree with anything you said, but I think you might have glossed over the point I was making a little bit. The problem is centralized control by an elite group that can make decisions to enrich themselves at the expense of others. Blackrock and Vanguard calling the shots is even more centralized and toxic than the founders being in charge, especially since it's not even their money and all that power gets delegated to them by their own clients.

Also I really like the idea of linear emissions and the fact that on a long timeline that turns into logarithmic increases to the total supply percentage. However, it is a mistake to think that exponential emissions are automatically a bad idea. Inflation should match network growth, so we often want inflation to be extremely high if the network is growing very fast.

It's not about how much stake is created but rather who controls it. A stock split can double all stock in existence... but it doesn't matter one bit because everyone's stack doubles. At the end of the day the split hasn't really increased the supply at all only changed the units by which they are measured. Crypto can bring this concept to an entirely new and insane level where value is created and distributed much more fairly than any centralized model ever could.