>They would receive assets valued at 208,000$ at current (arguably inflated) prices, most of it not being cash. You might expect the biggest expropriation in US history to be somewhat upsetting to the markets.
Technically true, but the path of this redistribution would be in the form of taxation and offered public services, which is extracted purely as cash.
According to the Obamacare website, poverty levels are around $11,000 per person, scaling sublinearly with the number of people in a single household. If we use that as a baseline, we'd need to tax the top 10% about 5% more per year and redistribute that in cash or an equivalent value of provided services (education, healthcare, etc.) to create a buffer that effectively nullifies the concept of a poverty level. In reality this would likely be applied more as a progressive tax, so the top earners would be taxed more and more benefits would go to the people who are actually poor.