Yes, wealth and power inequality is not only inevitable but even desirable. Except that the current assignment of wealth and power is not based on a dynamic and thus renewable evolutionary meritocracy (of freedom).
Hence, in its current form, the protections we attempt to implement are the best band-aid we can offer to protect people from the dysfunctional systems we have built, yet they are insufficient and incapable of solving the causal reason as to why the standard deviation of merit is growing narrower by the day.