In that article PG basically points out that income inequality has two reasons 1. wealth shifting 2. wealth creation (as in "out of thin air"). So not a semantic debate.

> He completely ignores the fact that startup funding and elite credentials are extremely limited pies.

Well these pies are private. Its up to them who do they give it to. I dont think they claim to distrubute it "fairly" unlike promises made by many democratic political parties which get naive people all hoped-up and, worse, entitled.