Edited sentence: A criticism of this point of view would be that it fails to differentiate between wealth and income.It also makes predictions about behavior (hoarding of accumulated wealth) that are not supported by historical evidence.It further indicates that redistribution is a necessary measure to counteract the unproven assertion.Without any historical evidence that hoarding is a real phenomenon, and that it is harmful (See Adam Smith's criticism of mercantilism), talk of redistribution is fraught with many negative externalities