Rich people are the by-product of social inequality. Correcting these things would naturally dissolve the power of money since it devalues its place in society as it is less needed for basic social survival.

But in there lies the true issue. If no longer money—an artificial measure of tracking what is valuable in society—what is the next thing the same people will want to control? Our history is riddled with it. Gold, water, people, currency, oil… Leftism looks to ensure things like this are avoided, not being side-tracked by trying to cure the symptoms. If you are a leftist, people wih absurd control of something (money in this case) are an indicatior equality has been neglected and there’s work to do. Step 1, look at what’s making them have so much control and start on all of those things. It’s not money. Money’s not even valuable to many of the left.