Yes, but many believe Satoshi to be dead or to have lost the keys. I'm not arguing that the wealth distribution is good, I'm just saying it's a little ridiculous to assume that the choice was malicious.
Satoshi could have used a linear growth curve. Instead he used a log curve, giving himself and the smallest user group possible (first users to run the software within the limited timeframe where the hyperinflation took place) control of the majority of the supply for the least amount of work possible.
All users entering the system late beyond users before them are needlessly exploited.