This is step one. It will come to America.
Step 2 is tried and true: simply force the rich to give all their money to the state in their wills for lavish public projects. Nero did it (and then killed the rich when they didn’t die fast enough) and Justinian did it, although he put up the pretense of legality by having them amend their wills to give him all their money upon death.
The bottom line is that any time there is a pot of money anywhere, some politician will try to get his hands on it.
Step 2 = 0 care?
Said hands need to be chopped off either figuratively and/or literally. The one good idea of the muslims is cutting off the hand of a thief.
“The bottom line is that any time there is a pot of money anywhere, some politician will try to get his hands on it.”
Said politician is flirting with disaster.