Policies can't be decided based on your insecurities. You don't want anyone to be better perceived than you even when they may be objectively better. All your elitism comments say the same thing.
For one your comprehension. I said may. Give me a case by case study and I can give my opinion. Are you saying all software engineers are equal or you are better than everyone out there ? If not why don't the better ones deserve more pay / prestige etc.
I don't know you or your work. I have no qualms in saying most likely there is someone better than you. I have no qualms in saying that about 99% of the people I know because it's statistically true. To say that others don't deserve more pay or prestige is akin to saying "I will feel bad so don't pay someone better more".