They won’t do that. Just look at how it was done in Argentina. The thieves were even re-elected because there were more takers than those who had their accounts seized and exchanged for government IOUs.
They’ll make some promise to the takers: “we’ll share THEIR retirement funds with you” (well not that direct but clear enough that the lure of Free Stuff is apparent) and the takers will head to the polls. The first test balloon was launched this week with Lizzie “Crockajawea” Warren floating a 40 billion bribe to senior citizens.
It is no longer the “one percent” it is now anyone who has managed to squirrel away anything. That is now seen as “unfair”, no matter that you worked hard to get it. A situation brought to you by the public school system and the welfare office.