boiled down to "you worked on a thing, so you deserve the entire revenue of that thing", which obviously isn't true. Like, if your employer lends you a hammer for free, shouldn't he be entilted to some of the profits that the hammer creates?
A couple years ago I hired a guy to patch my roof. Now I'm selling my house. How much of the proceeds should I give him?
People start twisting themselves in knots real fast with that example. They generally understand and accept home ownership even if they can't afford it but they simply can NOT empathize with equity holders otherwise.
It's like they see a joke that other people do, and think "we must also be seen as capable of this hu-man expression known as "humour" we shall create a "joke" to laugh at with our fellow hu-mans."