Yeah, that’ll fix everything.
Get rid of savings, stocks and bonds go to zero.
The Party will resassign wealth, living accomodations, and rations (which will be necessary), according to known policial profiles. And, the Party will regulate all industrial activity, quotas, and mandated employment.
They’re on it.
You forgot this, the utopian part of their wet dreams. The Party will operate a mammoth concentration camp system, interning and working to death all enemies of the people, confiscating any possessions they have and placing their families into 'protective custody' as deemed necessary by the party.
I think of the commie in Fiddler On The Roof spouting off.