But a deflationary system rewards inherited wealth. It's a pyramid scheme where the person at the top splits their big piles up into smaller piles, selling them to newer people, who then sell their smaller piles to newer people...

So you'd be working for 0.000000000000000001 coins per day at the amazon warehouse, while Bezos has 500000 coins because he was born with them. There would never be a way for you to get 500000 coins, because there are only 20m coins in existence.

The easiest thing for people to do in that situation is just create another Bitcoin. The person that has the 500K original Bitcoin is free to trade with themselves. This is why Bitcoin is much more of a social network than an algorithm.