The only way this fantasy would work is if it were placed in an annuity for people. As others have mentioned, the greed in the market would just send prices up rapidly to soak up the extra money, and people are generally idiots with money and they’d piss it away immediately.
So you’d maybe have to have carve-outs for medical debt or something so people could pay that off, the rest would have to remain restricted and offer limited payouts until maybe retirement, but frankly the public at large would completely fuck up any windfall, and the market would make suckers out of all of them.