Institutionalized by whom?
In a society of voluntary contracts, those who have lots of wealth DO deserve it, and if they're clear under law then they DID get it all themselves, and "Society" is a mythical being: it has no right to forcibly steal from some more wealthy individuals.
"Oh, so you built this house from LEGO blocks during break hour while the other kids where playing around?"
"Yes"
"It'd be better off for all of you if we could take that house and give it to stupid kids who can't build it."