Nothing could be further from the truth. It's why in developed societies capital (and most forms of wealth) tends to accumulate in the hands of the few over time.
A "reset" society would have, at the very minimum, something like a 90% inheritance tax and much much higher capital gains tax, as well as provisions on land value tax so high value scarce land cannot be hoarded as well.
I'm honestly not sure how one can look at the countries who are doing well right now and say what you said. It's like opposite land.
Because we're not concerning ourselves with the plush lives of the top few percent.
The parent comment is referring to the majority of middle and low income families who's children come of age with zero wealth.
All of the countries doing well have a problem, right now, where middle income earners can't afford to buy homes in the cities people want to live in, while the top income earners are saying things like young people can't afford to buy houses because they're blowing all their money on smashed avocado on toast.[1]
A "reset" society would have, at the very minimum, something like a 90% inheritance tax and much much higher capital gains tax, as well as provisions on land value tax so high value scarce land cannot be hoarded as well.
I'm honestly not sure how one can look at the countries who are doing well right now and say what you said. It's like opposite land.