There is a thing we could do to tackle the existence of billionaires in a world stricken by poverty...
I understand the nub of your gist, but historically, the net result of this is a new generation of oligarchs.
people are fundamentally egalitarian but are led to collapses by enriched, status-obsessed elites, while past collapses often improved the lives of ordinary citizens.
After a time new "elites" will worm their way into power, sure, but in the meantime things are often better, and things may even end up less bad at the next 'peak' of elitist control than the last time. Since it's currently getting worse by the day, it doesn't seem as though the normal calculus of "don't risk collapse to fix imperfection" really applies; we seem to be heading for collapse (whether economic, democratic, or otherwise) anyways.
Taxation?
How about
Bees?
Alcohol, Teslas and Lakes?
Just yesterday I heard someone say "By nature, all people are socialists - if you let them."
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