Actually, you are wrong. If wealth reverted to the original owners, that would mean that people who made money initially and had the land could get it back. There is no way that could work today. Meanwhile, my many-times-great grandfather was left millions of acres of land by the Indians. Wish that reverted to me now!
The land in Israel was originally distributed by families. Therefore, the Jubilee meant a levelling every fifty years per person. We should note that there was no prohibition against income inequality during the fifty years as long as the widows, the poor and the stranger were taken care of and God received his due, but in the long run, God’s ideal was that there be no perpetual rich or poor class.