This argument seems to be ignoring the propensity of wealthy people in redistributionist environments to send false signals about their own level of wealth. E.G

This argument seems to be ignoring the propensity of wealthy people in redistributionist environments to send false signals about their own level of wealth. E.G. Stalin commanded the wealth of a global superpower, but he dressed in uncomfortable military uniforms to signal solidarity with a poor majority. That kind of 'wealth falsification' seems likely to cause its own inefficiencies not present if wealth is considered the result of better serving the market.