Feed the babies who don't have enough to eat
Shoe the children with no shoes on their feet
House the people living in the streets
Oh, oh, there's a solution
--Steve Miller Band
In economic terms, wealth measures the value of economic resources that is owned or controlled.
While it can be transferred in many different ways, economic wealth can only be created one way: production. Production combines labor with other scarce factors (materials, land, energy, etc) to generate output that enables people to live and prosper.
When it generates output that people desire, production alleviates axiomatic scarcity that constrains standard of living.
Policies that limit such production limit the creation of wealth.