and that they will double that POWER each year - I think this is accurate, and it is obscene!!!.

This is incorrect, most whales are losing power as we speak because they are powering down.
You can check the numbers here https://steemd.com/distribution. If you compare numbers from day to day you will see that whales's power influence is decreasing every day.
Also the lower the price of steem the faster power is being distributed so whales will stop selling at some point .
When whales create new whales like the people you mentionned it just means that it will take longer for the power to even out but it will inevitably happen
Although I didn't like the tone of your post I upvoted because I think it can bring some important discussion to the table.