Inequality is a very weird frame for the well-being of a society or its less fortunate. The absurdity of sending back your paycheck being an “improvement” is just one element. We can have rising living standards across the board & call it a catastrophe because those at the top are rising faster. Or we can have a collapse, and say that your schadenfreude at your neighbor’s demise makes you whole. The whole model is absurd.
Not to mention the carelessness between income and wealth. Moving income from high wage earners to the portfolios of shareholders is actually good for income and wage equality. It amplifies wealth inequality, but that gets a lot less play since we mainly tax wages.
The professional-managerial class do wield considerably more power than the working class. I don't think that's because they have money, though. I think it's because the state is a large organization. People with the skills to run a state will rarely want for white-collar employment. People who influence bureaucracies for a living will also be pretty good at getting what they want from the state.
Imagine. Who's going to win a national electoral campaign, who couldn't land a job in marketing?
So no, I don't take steps to "reduce my wages" towards the median. But I do make donations to people who are trying to improve the status quo, and I do support unions and other efforts at real power-rebalancing, even if they mean a pay cut for myself one day, because that would be for the sake of an actual positive impact.