The explanation I've heard is that it disincentives people from the hard work which creates wealth. Anyway, I don't think your explanation "the rich undermine w

The explanation I've heard is that it disincentives people from the hard work which creates wealth. Anyway, I don't think your explanation "the rich undermine wealth redistribution" explains the parent's conclusion that wealth is destroyed (a failure to redistribute wealth doesn't necessarily result in less wealth overall).