Yes, but as far as the conclusion goes, perhaps it doesn’t end with a dictatorship by a ruling elite. My sense tells me that the “elite” will in big trouble if wealth seizure is attempted. The “elite” may find themselves before firing squads of angry citizens at stadiums everywhere.
This alone would cause moderation in execution of ill conceived seizure plans.
If the election of one Republican senator from Mass can turn the political class on its head, think of their reaction to the potential action of tens of millions of armed citizens.
Our founding fathers got the 2nd Amendment right. There’s a reason it exists.
Romanian term limits.