@msolga,
What is real wealth? You can have a person with a large estate farm which is worth millions on paper, but that does not mean that person has a lot of money or a big income.
If you have a big firm you have to have a large amount of money put aside for a rainy day.
Distributing the wealth by high taxes was tried in Sweden with the result that some of the biggest firms moved abroad like Findus, Ikea, Hasselblad and others which resulted in loss of taxes.
When an idylic place along the coast which all of a sudden gets popular with city people the properties get valuable so property taxes increase. Now the fishermen and others who have been living there for generations cannot afford to live there. Their children cannot afford to pay the inheritance taxes without selling. Again on paper they are rich, but still they can only pay taxes by selling.
With high inherintance taxes a lot of small firms/farms have to be sold and cannot be taken over by the children.
You have to seperate wealth on paper and income to spend.
Friends of mine had an apple plantation - the property was worth millions, but their income was below the powerty line. Sweden imported apples from New Zealand so they had to throw out their apples and get some money from the state. How should their wealth be distributed? An apple for each of us?
Sweden has gotten rid of inheritance taxes and changed the whole tax system and now things are better.