I agree with pretty much all you said.

Its intended as a competitive game and we should never fault anyone for being competitive. However, I can also understand the idea that at times it also seems like its "us vs the game itself" where we want to help each other achieve a goal... like when they put a high-value item at the top of the ranking.
The whole "Legend" thing is just odd, IMO. You reach there and suddenly there is no risk in losing any more. . . for the one set of people who probably wanted the competitive risk in the first place. There is some weak ranking done within Legends itself but... who really keeps track of that silly number when there is no reason to improve it? The "no-risk" benefit is such an overpowering thing that any other rewards just pale in comparison. And then you have the people who can use that lack of risk to help others.... I like the helping concept but its not really what Legends was meant for.
Seems like the easiest answer to improve the game is:
Legends should only play Legends. Taking those higher-skilled people out of the pool of people for non-Legends to play will by itself make it easier for non-Legends to advance over time, without working around the competitive spirit of the game by "helping" others make it in. In the end, you might even get more Legends than before.

Not being able to "lose" the Legend rank is fine as long as you cant use it in a way that probably wasnt intended (to help others).
As for the Legends themselves. . . . yeah, "Legends vs Legends" would suck for a while until there was enough people in the Legend category to race (maybe only switch to this mode once there are 50 Legends?). But the games would ALWAYS be between the stronger players, which makes for true competition (if you want to play in Legends). Still, people would be more likely to care more about their Legend rankings if RL did what is being done in Events; give some useful benefit to the top 10%/5% of Legends to encourage continued competitive play. And... the game should also remember your past rankings in some way so that all that effort results in some visible result.
As a person who doesnt really want to be a Legend... thats what I think.
