Choosing wealth-creation rather than rent-seeking has nothing to do with distribution of wealth as far as I see it. The hugely wealth-creating SF bay area is one of the most unequal places in the world.
I think redistribution of wealth is absolutely necessary to reduce poverty and increase average quality of life. Sadly, I don't have much faith in this happening due to the argument that selfishly motivated wealth-creators or rent-seekers will flock to wherever taxes them the least.