The wealth doesn’t disappear, it just ends up concentrated.

Goods and services will just be something most people will no longer be able to afford, and they go into poverty. Business will reconfigure to support the lifestyles of the very rich at prices only they can afford, because that’s where the money has gone.

Things will get so expensive, people will have to sell their assets (i.e. house) to be able to resist poverty. People without assets won’t even get that parachute.

If we don’t reverse this concentration of wealth, 99% of people will be living in slums before long.