No it doesn't. Can you say a true statement that contradicts what I said?

They objectively do not have all the money, or even a particularly significant share of the money, so you're starting off with a falsehood.

In a communist economy, Jeff Bezos and Elon Musk still exist. The difference is that instead of getting their money/power from providing value to people by selling things, they got it from political connections and corruption. They would also have a larger share of the pie, and living conditions would be significantly worse for everyone in the classes below them. This is easy to see if you have any knowledge of present and prior communist regimes.