What happens when 99% bitcoin is owned by the 1%? Why is printing money bad.

I'm asking as I can't find any answer to this question.

Why is Goverments printing money so bad?

Surely the only people that lose is people holding assets that will depreciate, ie cash.

you would think if currency was not printed then all the money would be tied up in 1% of peoples bank accounts.

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How does bitcoin make that scenario any diffrent, whales are going to continue to become a higher % of all bitcoin, are we not just heading back into the same trap but worse that all crypto is own by a few and then rest of society live off a few bitcoin?