We're in agreement that closing loopholes is a good idea.  

There is plenty of evidence that confiscating earned wealth from party A and giving it to party B that has not earned that wealth leads to disaster.   Venezuela is a perfect example. 

You seem to have a fundamental misunderstanding about the nature of wealth.  It is not distributed. It is earned.  Of course this excludes cases of government-controlled wealth which is controlled by a select few to benefit their friends.