If all the money ends up in hands of billionaires and their corporations and there will be no money in hands of regular plebs…
Who do you think will have to pay the taxes?
Also, the people would figure out a different way of trading or currency. And with that one getting taxed, all the billionaire’s money become worthless.
It started in 1971 and it’s still running its course. So, look around I guess. If we don’t do anything in another 20 years it won’t be possible to own a home for anybody. We will all be severely restricted on what we can eat and how we can travel. Everything you buy will be disposable garbage that makes you sick and needs replacement often.