In Russia, the "evil rich" had their lands and assets confiscated and redistributed to the lower class. Eventually, the recipients were deemed as the "evil rich', they were persecuted and the cycle continued.
Liberals/socialists/communists/fascists have to have an enemy to target and must have a host to take from.
Eventually, the hosts die off but the necessity have a targeted enemy does not. The elite always need to have that/those enemies to blame for the masses misery.