Who would labor and serve them if everyone became wealthy? That is the government's mentality. While their citizens are suffering and under their power, they keep getting rich.
What governments can do to make it more equitable?
The government cannot provide its people with equitable wealth. The best they can do is provide a level playing field for employment for its citizens, leaving it up to the individual to come up with a business concept independent of the government that will make him wealthy. The government can not make you wealthy tomorrow because they are afraid that if they do it today, you will challenge, or compete with them in the future. That's why they are fighting crypto as bestdss said