Exactly. If you're making $35k a year, all that story meant to you was "a bunch of billionaires colluded so someone making 5x what I make couldn't make 5.5x what I make."
It gets worse when you think about how often those "screwed" people that make 5x the median income of an area, make software that replaces 10,000 jobs. This software often comes in an app store and is given away for free with an ad at the bottom.