So it seems you missed the point. The world's strongest, deadliest, most powerful person, Homelander, feels like a victim because people aren't constantly praising every little thing he does.
He has literally no limits on what he is allowed to do. He can do whatever, rape whoever, kill whoever, etc., with impunity. And he does. And he still feels like he is the victim. (Note: Homelander is a more nuanced and sympathetic character in the TV show than he is in the comics, where he's more one-dimensional.)
And that's where the critique of the "white male victimization" comes in, especially with respect to Trump. Trump, like Homelander, was for 4 years the most powerful man in the world. He literally broke dozens of laws without consequence, not including all of the laws he broke without consequence before he became president. And he still felt like the victim because people weren't praising him as the next coming of Jesus.