

That makes zero sense. Wealth taxes where implemented do just that. Fund the welfare state. Perhaps that’s not the solution and you put better solutions in place to prevent accumulation of wealth. Seems better to incentivize investment rather than doing it through simple taxation regardless of what is being done with the money.
Ideally in my mind the peasants rise up, take control of the means of production and earnings from production are spread equally among the workers. That first part is really difficult to do, as most humans are going to look out for their own interests prior to the interests of their community.