These aren't mutally exclusive. Plenty of government programs are still underfunded, and plenty of the rich aren't paying their fair debts to society.
Also, since when is confiscating 100% of someone's wealth, "paying their fair debt"? Do you happen to have any personal wealth? If so, why haven't you donated it to the government yet, as fairness dictates?
(If we somehow spend that, per person, our main challenge would be keeping it secret so as not to disincentivize people who have to work for $166K; we need them to pay taxes.)
And/or repeal the Faircloth Amendment and give it to HUD.