Earlier quoted context omitted.
Wealth will always be very unequal, see the Mathew principle - just like a few songs have the most listeners and a few books the most readers. And it's hard to stay at the top too, so the elites are always changing. The real issue comes when the really powerful can inflate their and their friends assets at will.
Inequality fluctuates. Furthermore, I recall reading once that wealth inequality was positively correlated with mental illness, even in the rich of a society. As such, even if there is always some inequality, I think it is worthwhile to try to reduce it, although by boosting the lower part of scale. In other words, if you live in a world where only the rich have cars, you reduce inequality by making cars for the poor…
Then Henry Ford displaces John Jacob Astor. You still have wealth inequality, in fact it might have even increased. But the poor now have on-demand mobility to any part of the country in a matter of days.
I don't understand the focus on relative wealth. Why should someone not have, to borrow a phrase, more money than God, if it's not being stolen from others. Why should ability and capital be envied instead left to its own devices?