Yeah... I disagree with the sentiment you are conveying, and the "I have power over you so I control you" element... (so I agree with you, for the record).
However, teasing out the more-relevant pieces and discarding the emotional vitriol in said sentiment (please know this is not against you personally), there is still the matter of "appreciation" one gets from working hard towards an achievement which then results in the establishment of "value".
It's the "value" that we are going for. If I give someone $1,000 (or rupees or euros, pick one), then they will just burn it. It's not appreciated and has no value. If you hire Random Karen from the street and make them CEO, they will implode in a week and everything burns, because there's no value.
Value is derived from Appreciation, and Appreciation is a function of work/effort invested.
You simply cannot wizardly declare and bestow everyone with equal privileges (which is SEPARATE from "equal rights"!). "Equal pay for equal work" is a right, and should be established. Key word: "equal WORK". CEOs and audio chip assemblers are not equal work, but they do deserve equal rights. Privileges are a function of the Station. What is good for the C-suite won't be as good for the staff. The upper dudes have more accountability than the keyboard-programmer (who, BTW, needs serious help.. this iPad on screen keyboard is awful). Bad press for Apple Maps got Forstall fired, but not the 350 people who crapped out the code and data. Accountability.
However, again, Accountability is the "check and balance" to all the above. Unchecked power results in absolute power, which results in absolute corruption. Then again, "quis custodiet ipsos custodies?" That's why companies have a Board of independent Directors.
Too much of these elements and details are getting lost it today's headline-driven drama. People everywhere need to take a breath. We're gonna kill ourselves otherwise..