Tax the rich mentality also led to the "golden age of capitalism" of the 1940s, 50s, and 60s. The tax rates on the wealthiest in the US at that time were huge, and that money went into job programs, housing assistance programs, construction projects, etc.

Stalin and Mao were both cults of personality being driven by a young, disaffected population who were so sick and tired of the status quo that they were willing to murder and burn and kill and destroy and didn't really care about what came after.

That should sound very familiar right about now.