If some entity, be it the government or some other institution, is to take the responsibility of redistributing wealth by any means (taxation, welfare, rent control, etc.), does not that institution then bear the responsibility of determining what is equitable? Does this change over time?

And doesn’t that institution also bear the responsibility of the generational social and cultural impacts?

Does wealth redistribution reach stasis at a standard of living that is lower than is currently achievable? Does the golden goose eventually stop laying eggs?

Social engineering experiments can have many unforeseeable impacts - both good and bad. There is no guarantee that the ultimate results will be better than the starting conditions.

Whatever is done, it should be done slowly and under controlled conditions so that the impacts can be measured.