If you look at welfare and how the US federal government administers it, you would see 25 cents on every dollar getting to the end user.
Assuming Nasty Jack is going to put them in charge of "spreading the wealth", the $114,000.00 per household will now be a little over $28,000.00
Depending on number per household that's going to put nearly all of them at the poverty level.
That sounds about right, because that's what socialism does best, it spreads poverty and misery equally.