Well, it's a wealth distribution from adults in a community to kids in the community, but a very good one that almost always benefits the whole community.
I do get what you're saying, but at the risk of being overly pedantic, this doesn't really make sense as written.
Usually "wealth redistribution" implies actual money or other liquid or semi-liquid assets being transferred from one group to another, and the kids in the community aren't receiving any of the money being put into school taxes.
I suppose one could argue that school taxes are wealth redistribution from the community to the _teachers and staff_. As someone who counts quite a few teachers among my friends and family, I wholeheartedly support this redistribution of wealth.