Would a full scale economic revolution be worth the value of it's negatives?

I was discussing with a friend the idea of a fire-sale on all major companies. How it works: universally, governments puts in sanctions to stop the top two percent from holding onto vast wealth, making so the once you hit the base mean of top one percent wealth (19 million as of 2009) you are forced to liquidate your income through small business, public works, and humanitarian effort. Those who do not comply are boycott on a global scale.
This would require cooperation on a massive scale, and the full absence of government corruption; however, what economic problems would it create?
Do you see this decentralizing our economy completely?

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