Forcible wealth redistribution is a bad thing. Worse, when it has been done, it is done in a band-aid approach. Let's subsidize subsistence as a way to chain people to job searches. No thank you.

But having said that, I think it is reasonable for encouraging a sane wealth distribution to be a part of public policy. This doesn't have to be done through taxes just for owning something. It could be taxes on renting something for example, unless that is a rent to own agreement. The idea would be simply encouraging ownership to align with utilization rather than life-long renting as the norm.

I would recommend reading some conservative alternatives like Chesterton's "An Outline of Sanity" or Belloc's "The Servile State" for alternatives that are more historically grounded.