Weight of a rigid object does not flow downhill. Gravity pulls down on each atom. The atoms all exert forces on each other to maintain their positions with respect to each other. Compare that to a bag of water. If you lift one end, the water flows away, and the other end gets heavier.
The floor holds up the table, exerting an upward force of half the table's weight on each end. If you lift one end, the whole table moves. You have to lift half the table's weight to get your end off the floor. The other half is still held by the floor. If you hold your end just off the floor, you are holding half the weight.
If you rotate the table, it gets easier. If you balance the table, the floor holds the entire weight.
But it doesn't have to be that way. You could pull upward on the balanced table and hold up half the weight. You could pull harder so the whole table is hanging from your hands. The floor will push hard enough to hold up any weight you don't hold up. The total upward force is equal to the weight of the table. It works this way only for a balanced table.
With two people, you might think the weight distribution isn't automatic like for the floor. All you can say is that if you are holding the table up, the total upward force is the weight of the table.
But if you exert different upward forces on opposite ends of the table, you create a torque. The table will rotate. It only stays at the same tilt if the upward forces are equal. See Toppling of a cylinder on a block for more.
For a balanced table, the two upward forces are in line. So the torque is $0$ even if the forces are different.
You do have to be careful to lift upward. If the tall person pulls toward himself he adds a horizontal component. His total force is larger than his upward force. And the short person must lift and pull horizontally toward himself as well as lift. Harder for him too.