Eventually every share the wealth program becomes a share the poverty program.
If you had a change machine that returned 85 cents for every dollar you put in, would you use it?
Such is government.
In "sharing the wealth" there all those people who get paid to collect and distribute the wealth. They take a cut, sometimes a very large cut, right off the top. Every time the wealth goes through the machine to be redistributed, it is diminished. Only the size of the cut and the persistence and capability of the wealth generators will determine how many cycles can occur before the machine runs dry.
The more greedy the redistributors are (the larger their cut), the fewer cycles.
The less productive the wealth generators are, the fewer cycles.
As the former get more greedy, the less inclined the latter are to participate, especially if they have other options.
If the former takes over the operations of the latter, the result is inevitably an operation run by people who know nothing of performing the tasks that generated the wealth in the first place, and with inevitably disastrous outcomes.
It is a qualitatively predictable cycle, perhaps even a quantifiable one.
Once the tailspin begins, there is little chance of recovery under that management. Short of serious changes in how things are done, the whole country will suffer until the people change their government or it collapses.