Putin does the same thing. and literally just takes companies from billionaires.
Or perhaps they could start with properly taxing them!
99% they report on gross revenue and complain about how little tax is paid. And almost everyone buys it.
That's why I don't buy the "gross revenue" argument, or the "actually the rich pay more of their income in taxes" arguments.
The rich and big corporations have billions (pun intended) of ways of padding their expenses, hiding their net, moving their wealth around so it can't be taxes, making shell companies etc.
Panama Papers is the most unreported, under-investigated scandal of the century