Earlier quoted context omitted.
In a general sense is it not better for all people to be in he business of creating value than to quarrel over transferring it from one to another? I believe that if you care about human welfare, then it is obvious that it is.
Because distribution of value is important, and people believe that distribution of value is important. After all, there are limits to how much I can feel your well-being, and vice versa.
I actually support wealth redistribution, and I even buy in to the concept of diminishing returns in utility to increases in wealth, like you said--though, economists do debate whether that's actually true.