Not exactly, it's more about redistributing or reappropriating wealth because we know there exists flaws in the economic system we have (progressive tax systems). In more general terms, ignoring progressive structures, it's about investing in necessary shared services for everyone and to maintain the government that does such and more.
Looking at taxes as if they destroy wealth is a bit bleak. Governments may not be the most efficient institutions in all possible metrics but they're not out to destroy wealth exactly.