Just as business owners who risk their money and spend 80+ hours per week on their businesses did not build their businesses, Olympic athletes, who spend countless hours and often a lot of money on coaching and equipment, did not win their medals.
The government that provided schools and roads etc. won those medals.
Therefore, the lucky 1% of Olympic athletes who win more than one medal should have their medals redistributed to more deserving athletes. Like in the economy, "when you spread the wealth around, it's good for everybody."