"I accept some people will accrue greater wealth in their lifetimes but death brings about a natural redistribution of wealth."
Hardly.
And Trump wants to eliminate the 'death tax'.
Your rising tide lifts all boats, but many people can't afford a boat... they survive walking on shoe leather.
As of July 2016 the Waltons collectively own 52 percent of the company, and are worth a combined total of about US$149 billion.[3][6]