Socialism

Unfortunately this will not happen that fast. The ultra rich are seen as a symbol of sucess because people associate themselves with those ultra wealthy folks, as being rich is considered a positive goal. The result is an indirect support to those rich people, who are celebrated for what they are.

I dare to say that 99% of people are closer to becoming homeless than to become an owner of a private island and a helicopter - and yet, people tend to think, that they might become rich as well (either through hard work or through luck), which is a more positive outlook than to think that they could easily hit rock bottom (the probability of hitting rock bottom is way higher tho). Because hypothetically, the opportunity for becoming as rich as those who they admire is given.

An anecdote: Back when I did work for minimum wage for a living (over 20 years ago), I had many coworkers who also did so. One time, the big boss (not ultra rich, but fairly loaded) came to visit the facility. He played some mind games and did some power moves. One of those was, that he parked his Maserati sports car pretty much in front of where our breakroom was, so that his car was definetly being seen by all the workers, instead of using the parking lot outside the facility.

About 90 % of the workers admired him for having such a car, and how cool he was and what not. Those people really believed that you could work yourself from the ground up to be as rich as the big boss. They did not recognize that he only could afford this car because he paid 7,50 an hour. And yet, he was celebrated for his "archievements". And after all, a Maserati is just a Fiat with a fancy bodywork.