The current president is taking advantage of his limited ideological intelligence and the Democratic Party’s racial guilt. Remember the Democratic Party has always been the anti-black, pro slavery party and did little to end Jim Crow. The Democrat party has great racial guilt.
I merely want to point out based on my many years consulting individuals and families on finance, that there is a natural form of redistribution.
Wealth is passed on to children. Most of the time the children do not have the business skills of the creator of the fortune so the money is piddled away.
I have frequently seen the female children in wealthy families marry incompetent men who squandered the family fortune. More often I have seen the men go after Las Vegas showgirls who also squandered the family fortune.
In still other cases, maybe the majority, the wealthy children of inherited estates are swindled out of their money by highly competent and smart con operators.
Lastly, there are many incompetent investment counselors who do their part to redistribute inherited wealth.
All in all, I call these various commonplace mechanisms the natural redistribution of wealth institution.