Upward redistribution doesn’t work, but you can say that more clearly.

Widescale redistribution of wealth demonstrably doesn’t work, but the thing is right now the problem has been redistributed into the hands of a select few and it’s killing everyone else.

“…the problem…” ? The problem of wealth? You think it would be a problem if anyone else was wealthy? That’s not “the problem”. Because the topic is Wealth Redistribution (which generally means to the poor, and is thus not a problem).

You’re writing in a “preaching to the choir” style, which is apathetic and has smuggies attached, rather than as a more direct appeal to all.