Misleading.
As of Q3 2019, the bottom 50% of households had $1.67 trillion or 1.6% of the net worth, versus $74.5 trillion or 70% for the top 10%.
(source
Wealth inequality in the United States - Wikipedia )
And, the top 1% had $30.5 trillion for 40% of the nation's wealth This years's fiscal budget is close to $4.8 trillion.
Federal Budget: Breaking down the US Federal Budget | Charts and Graphs
So, the wealth of the top 1% could fund the gov for about 6 years and a quarter.
But, no one is suggesting 'confiscating' anything, but a wealth tax would help, and I'd like to see religion that operates business enterprise pay taxes, as they receive gov services for free, and that puts the burden on everyone else. Take Scientology headquarters in Clearwater Fla -- they own a lot of downtown Clearwater, but use city services, and pay no property tax. That shifts the burden to everyone else that lives there. I think this kind of thing, where there is an unfair situation affecting taxpayers, something should be done about it.
The 'government' is the House and Senate, where there are more lobbyists than congresspersons or senators, who wield a lot of influence, over 'the people'.