Disregarding the fact that it's more like $1M of wealth for rich vs $2 for poor: Why is $1 for everyone not desirable in that case? Of course it's pure speculation, but a complete wealth reset like this would have to result in either: inflation where new $1 means old $2.01, crazy taxation where country keeps most wealth (but has to then spend on social support), or complete economy collapse.

Two of those results may be quite desirable actually.