Exactly. And why wouldn't you want the devs to have sufficient financial motivation to continue their hard work? This is a very odd idea and goes against capitalistic principles in my opinion.

Not to mention there are coins other than Monero that the devs own less than 1%. That's a fact. In fact it's often been a problem with coins that devs not having sufficient stake in their own currency often need to focus on other things in their life in order to make a living and pay their bills.