Basically both of you are right, and both are wrong.
The main argument is to restrict the power of government, and return them to the confines of their Constitutional role on the federal level. The only way to do this is with term limits, and Congress is the one that would have ot do it, and obviously it will not get done. There are too many people willing to vote for the ones who will give them the most of other peoples money to encourage them to do so. The other option is a revolution which may ultimately be the solution.
On the "redistribution of wealth", the "rich" have been stealing from the worker, and the common person, through the power of Congress for decades. So, while their wealth has increased the standard of living for the common person has been decreasing. Energy costs, food costs, housing, whatever, have consistently gone up while the average wage, save for the government employee, has been declining in real dollars for 30 years.
Even the welfare programs are designed to take from the middle class to distribute to the "rich". If one considers who really profits from the food stamp program, and it is not the poor since it is a subsistence amount to them, all of what is taken ends up in the pockets of those who own the food supply. Another good example of this is the Farm Aid programs. The large corporations, and the rich, receive about 60% of the moneys spent, and the small family farm receives the leftovers. This is not to mention that the program has never saved even one family farm, and has served only to enrich the large corporate farm.
With that in mind, I would feel no regret if that wealth was returned to its rightful owners, the people themselves. Act as if this is communism, or socialism, if you want. I just don't think the middle class should be destroyed simply because of the greed, and power, of the wealthy. Even the middle class should be allowed to enjoy the results of their labor.