My views on this have evolved a lot. Here's where I am now:
Wealth inequality is irrelevant. That part I've always believed, but what matters, and what I didn't see before, is how the wealth disparity is produced.
I think the people who make things are able to be as rich as possible without much consequence. Think Bill Gates, Bezos, Musk, Carnegie, Walton. Something about our connection to their products and services makes their immense wealth understandable. Plus, the creation of technology or a service that makes humans more productive (even as a second or third order effect) ultimately adds far more to the collective wealth of our society than the millions and billions that accrue to the founders/inventors.
But the unleashing of modern banking since the 70's has been altogether different. You should not be able to make billions off financial engineering. At best, loans enable the above innovations, but the banking system has found a way to make as much or more than the industries they enable. Problem is, so much of modern financial markets are simply transfers of wealth between parties. It's gambling. Guess who's better at that game? It ain't you. Nothing demonstrated this better than the nauseatingly-ironically-named Robin Hood. Nothing more than a transfer of wealth from the retail investor (poor) to the banks and private equity managers (rich). And when the retail investor found a hole in the armor with GameStop, they shut it down. Disgusting.
The third element is the unstoppable printing of money by the Fed. These made up dollars are vacuumed up by the top .1% of Americans at a stunning rate. So when the inflation hits from boosting the money supply, the already-rich are sitting on a greater share of the money, drastically reducing the impact of inflation on their purchasing power, while the commoners like us get crushed. This wealth is created by political access, favoritism, and shady banking practices. It is this type of wealth inequality that will destroy our society if we don't stop it, yet the pandemic wildly accelerated the problem.
But it gets worse. The Republicans are still reflexively defensive of business from the communist movement of the left in the 50's and 60's. They haven't figured out that modern crony capitalism has two sides of business, the makers and the bankers. Until the find a way to escape the bankers, they will be useless. Tucker Carlson is the strongest voice against this new phenomenon, though he flails around the center of the problem at times.
The Democrats are equally useless, because they are hell bent on attacking the makers while the bankers fund their campaigns and promote their ESG nonsense. In the war against crony capitalism, the Democrats have decided to attack the capitalists with the help of the cronies. Talk about missing the mark.