$300 million CPP pension wealth is value for those who get the benefits, unfortunately many on poorer end do not get much, if anything. Lots of Canadians did not or could not contribute to CPP, housewives for example. So, they get zip.
The numbers stand.  A few Canadians have wealth equal to about a third of Canadians.
If you think that is a just system, fine. I do not. ( And, no, David Thomson's hard  did not make him a billionaire, the tax system that favours his inherited wealth made him a billionaire).  
Redistribution of wealth from the bottom to the upper echelons has been historic trend. 
Your last sentence  -- "Equating a 1% on $250K with Galen Weston really shows how out of touch you are" -- I do not understand.
If Galen Weston is not in the 1%, then who is?