Russia tried that.  When the USSR ended,  they gave every one vouchers to bid for shares of state owned companies.  The little people had no idea what they were doing and got screwed brutally. It created many of the ridiculously wealthy Russian oligarchs you see today.
<a href="https:&#x2F;&#x2F;en.m.wikipedia.org&#x2F;wiki&#x2F;Privatization_in_Russia" rel="nofollow">https:&#x2F;&#x2F;en.m.wikipedia.org&#x2F;wiki&#x2F;Privatization_in_Russia</a>