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They'd still just keep getting richer, and the families would blow the money on stupid shit and be broke again inside of a couple of years.
The problem isn't that they have a lot of money and we don't. The problem is the way they use the power the money gives them to purposely make our lives worse. It's the POWER, not the money.
Limiting what they can do with their power would be as effective as taking their power. The French Method is the most direct and effective way to do this, but reversing Citizen's United would be a very good first step, too.
Sadly, we're currently going in the opposite direction, and there's no way in hell the current SCOTUS bench will reverse CU. So, maybe the French Method is the only way.