I don't know how nobody has mentioned this before:

The guy with 100k will end up rewriting the rules so that in the next round, he gets 105k and you get 5k.

And people like you will say "well, I'm still better off"

In future rounds, you will try to say "oh, I can't lose 5k for you to get 115k" and when you try to vote, you won't be able to vote, because the guy who has been making 23x what you make has spent his money on making sure it's rigged.