Hell yes something’s wrong with our political system.
The system is now based on the theory that we need protection from greedy rich people, and that the solution is giving the government more power to protect us from them.
But the disconnect will always be that the people we are given more power to are the same people we think we need protection from. The government will always largely be controlled by rich people. Even if you manage to change this for a short time, it will ultimately revert back the other direction.