Private wealth isn't going to be seized. It might be taxed but then they will simply shelter those funds necessary to bring their wealth down below that threshold. I find it almost funny...almost...that folks always want to tax some else but never themselves. Seize someone's property but never theirs. Here are a couple of facts for you (you in the plural).
Castro's net wealth at the time of his death: $800 million
Chavez's daugther's net weath: $2.6 billion
It's hard to calculate Stalin's net worth but it is thought is was about $7.5 trillion in today's dollars.
Karl Marx lived on his friend Freidrich Engels until Marx secured his one and only job as a reporter for an English paper. He didn't speak English so he had Engels ghost write for him until he learned English.
You gotta love those socialists.
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