The right way would have been to tax the rich and channel the money to improving the lives of the members of the society in ways that matter, like providing more jobs, infrastructural development, improving the quality of healthcare and education, etc.
It doesn't work that way, because it ends up being handouts that end up in the same pockets once again with the excuse of "we gave you the money".
The way the system functions has to change. But most likely, the only way it will happen is like it has always happened - violent revolution. And then, those that have revolted will rebuild in the same way, except with them as the controlling force, and we start again.