Now only theoreticly , without considering the technical feasibility:
What if now the majority decides that every individual can have only one Bitcoinwallet ? Now what if the majority further decides that each wallet can only contain a certain number of Bitcoins , and all the wallets exceeding this maximum, automaticly distribute the surplus evenly to all wallets?
Then you are talking about a different crypto not bitcoin. You may try and create that coin and see how it will end out.