I'm 100% for progressive taxes (i.e. higher taxes on richer people). People should have decent lives even if they can't participate in the workforce/markets with great success.
It's just that the top 50% or top 10% or top 1% or top 0.1% will always hold disproportionate amount of wealth, and no system will change that. Under USSR the select few in the communist party had that wealth, although it wasn't expressed in dollars (or any other currency), but in the power and unquestionability of their decisions.
Also taxes are a very successful way of dampening the inequality: https://www.economist.com/graphic-detail/2019/04/13/american...
It's just that the top 50% or top 10% or top 1% or top 0.1% will always hold disproportionate amount of wealth, and no system will change that. Under USSR the select few in the communist party had that wealth, although it wasn't expressed in dollars (or any other currency), but in the power and unquestionability of their decisions.