An important point is that this wealth is purely notional. It doesn't exist as cash you can distribute unless there is a liquid market, and confiscating it would annihilate any liquid markets. Furthermore, ~70% of that wealth in the US is non-liquid generally.
That wealth doesn't become cash unless there is a giant pile of cash owned by someone that can be used to buy the assets at the notional value. Where is that cash going to come from? It can't come from the government printing money since that is just inflation with more steps.
That wealth doesn't become cash unless there is a giant pile of cash owned by someone that can be used to buy the assets at the notional value. Where is that cash going to come from? It can't come from the government printing money since that is just inflation with more steps.