I fail to see any merit in the "redistribution of wealth" arguments. Wealth will redistribute itself naturally -- always has, always will. Roughly speaking, wealth (as in a wealthy family) only last until the third or fourth generation. Corporate wealth also redistributes itself, but it can be slower to do so.

How many of the super-wealthy families from the 19th Century are still that way today (I exclude Britain's royal family, whose wealth is that of the State)? The Astors? Rockefellers? Carnegies? Vanderbilts?

Rich, perhaps, but not wealthy by today's standards.