1) Of course is a distraction from the rest of the regimes total screw-ups thats a given.
2) But it also a populist theme that tells the Low info voters hey, vote for us and well steal from those evil rich folks and give you some of the loot.
And most importantly:
3) It sets the ground work for a massive wealth redistribution effort in form of write-off from loans like student loans - and the seizing of savings.
You are quite correct.
I completely blanked on this for some reason, but Governments around the world are maneuvering to steal our pensions and our bank accounts. Some are proposing wealth taxes. The wealth inequality polemic is an integral part of this class warfare.
We are in the final act of the Age of Theft when Governments declare an open war of enslavement against humanity.