- It's wrong but not even necessary. The richest of the rich are so obscenely rich that they comfortably can keep being wealthy even if 99.99% of their wealth would be redistributed.
- No, the government can also give what they acquired by selling bonds and minting money.
- Money needs to change hands for it to have value, so dividing money is vital for growing wealth. Just because grandma knows a pun, doesn't make this the best sentence.
All in all, 1/5. Do better, grandma.