It's almost as if using a term meaning "a classless, stateless, and moneyless society" to describe societies which are precisely none of those things (in theory, let alone in practice) ain't a sign of intelligence or rationality - be it among those calling themselves "communist" or the ones taking their claim at face value.

A society wherein "the top elite certainly own things, just not the general public" is the capitalist endgame; the goal is to maximize profit/wealth, and being one of the lucky few who owns everything and rents it all back out to the masses is a damn good way of going about that.