while in fact the accumulation of capital allows for the creation of labor and wealth
This is what liberals simply refuse to see or are just blind to. I think they understand it but they just wish to ignore it because they don't want to believe that those with more talent or work ethic are WORTH more than those with less of those qualities. Those people also contribute more to society as a whole, benefiting everyone.
So you have an economic thought process on the left that does not care that there is less wealth and a poorer standard of living across the board - the only thing that matters is that what people have is as close to equal as they can get it, and a central authority that controls that equality.
How do they believe the wealth that they wish to redistribute will maintain itself under that philosophy? It simply can't. And everybody suffers as a result.