Luke 19:26 repeats the line but within the context of money. It certainly isn't an "endorsement of the 1 percent", but more a statement of truth observed in virtually every human domain.
I do agree. But ever since Malcom Gladwell popularised the "Matthew effect", I am sad that an-out-of context quote is used to justify the promotion of deliberate cold-blooded apathy towards inequality. Whereas it is very clear in other contexts that the New Testament discourages accumulation of wealth. (Disclaimer: I am not a Christian, but read the Bible and other scriptures regularly).