Rather than using the wealth to make this world a better place, most of the dollars spent will go down the drain, into the bottomless pockets of the wealthy.
It is the perfect reason to ramp up inflation ahead of the wealth transfer. Sovereign nations continue to print money, and those with the extra money buy hard assets like metals and real estate. The rest use the money to pay off debt and keep their heads above water as prices rise at pace with inflation. The top skims all the profits from the top and all the inheritance is gone in a generarion.