Confiscate all billionaire liquidity and distribute it as a dividend today and you get a one-time $$$ payment for every citizen. Liquidate all their assets and you get another $$$ payment, but you've dismantled businesses which have massively raise the standard of living accross the country (next day delivery of goods, ubiquitous home internet) and ended many jobs. You've also dis-incentivized a lot of people future ambitions.

I’m a little more nuanced on this. I personally think paradigm shifting changes come from having insane capital and being able to fund those large scale changes (and it’s not just the US. That’s literally how east Asia developed their economy. The analog for very rich people was the state in China and India is basically currently following the same model as the other Asian countries). Only billionaires or very large corporations have that sort of capital. All of that to say we definitely need very rich people in society but at the same time you cannot have one person literally have more wealth than 50% of the country that is insane. There needs to be some limit maybe 100 billion or 200 billion is all you can have or something like that something that literally applies to 10 people

each technological advance increases wealth inequality. Problem is not wealth inequality its things getting worse for ppl low on totem pole vs getting better. I am sure ppl wouldnt mind inequlity if things were getting cheaper, healthcare being more accesible ect. Thats what AI promised but never delivered. Nothing has gotten cheaper like predicted.