Say you’re on a yacht with your principal and they had a few tequilas, and then they’re like, “Oh, come on. Join us.” Ultimately, you have to remember that you are there because they’re paying you. It’s a job. They’re not your friend. Obviously, you need to share compassion and empathy. Sometimes your boss needs you to be a shoulder to cry on.
Hey, I like this plan, don’t get me wrong. I’d recommend a specific maximum wealth, above which taxation is at 100%, to avoid cleverness from the people hoarding it, and that you tax it retroactively a year or so before the passing of the legislation, assuming that’s legal to do in the US. Then it’s a simple-ish matter of distributing it, which US civil servants are pretty experienced with. You might want to give an extended period to pay this one-time tax just to make sure it’s all orderly.
You could just give people their backpay, but I’d actually suggest putting it into a basic income, which would be higher than $5,800 and would have to draw from taxes on the more relatably fortunate (maybe the next 0.4%?). That’s the main thing I know of that could actually eliminate poverty.