Will lack of wipes kill the game?

First of all I really like the game.

I like it more than Tarkov, despite numerous gripes I have about some design choices, mainly map design and the lack of maneuverability. But it's hard to argue that it's the right direction and we got a ton of quality of life improvement we've been waiting for years in Tarkov.

But I can't wrap my head around the fact that there was no wipe with the start of the season.

Back in my days in Tarkov everyone was waiting for the new season as it leveled the playing field for everyone, and everyone had a fair shot. It was also a test of skill, how well you know the game, how proficient you are with quests, how well can you plan ahead with your items for quests and hideout.

But once the dust settled, a month, or month and a half into a wipe, chads were so far ahead that if you missed the wipe for some reason as a casual player, and you wanted to just jump in and play the game it was extremely difficult without additional help. And if were new player, you'd better wait a month or two for the next wipe if you didn't want to lose your sanity.

I know Tarkov at the moment is a completely different beast with its elaborate questlines, hideout management, and so on, but it was something a lot of players liked the most, the chance to experience the whole path from start to beginning, this time with a better outcome.

In contrast, in ABI, you join the game at wipe, equip your toon with the basic gear you have at your disposal and you run into a group of guys wearing full T6, thermals and meta ammo.
I've started S1 with 100M and I doubt I'll end the season with less than double. How a newcomer is suppose to compete with that?

I understand the basic premise of coin shop and the sentiment that if someone payed for something with real money it's hard to take it from them without making them sad, but it will eventually lead to a downfall. The hard economics of games like ABI or Tarkov is that rich are getting richer and poor are getting poorer.
Yes, there are plenty of freebies in the game, ABI is extremely generous in that matter, you can grind your way by doing scav runs, but if you want to play the game using those free T3 kits you have at your disposal will only make a slightly more interactive scav for players kitted in meta gear.

I think a sensible common ground would be to have something similar to Diablo, where you have eternal - where you keep all your stuff, and seasons - where you start from the humble beginning every wipe.

WDYT?