Plenty of Democratic
voters are on board with taxing the rich and flattening those economic hierarchies.
The problem has been that the Democratic party is the neoliberal wing of the establishment. Its purpose has been to create the illusion that economic progress is possible while working hard to maintain the economic status quo. Cultural diversity was the distraction and consolation prize.
Now the establishment wants full, unquestioned, totalitarian control now and no longer cares about maintaining the illusion of choice.
Ultimately it wants a country run on plantation lines with voting rights restricted to wealthy white male property owners, a "Christian" moral narrative (really just racism, greed, supremacism, and sexual opportunism dressed up in bible rags) and no independent sources of intellectual dissent.
Which means the bare minimum of public education, no science, no difficult or non-commercial art, no free thought in universities or academia, and as little free travel and contact with the outside world as possible.
The most comparable country is North Korea. So the likely end will be a heavily militarised and even more heavily propagandised country, run as a pampered inherited monarchy which tolerates a certain amount of education when it's useful, but is violently hostile to all dissent.
It's quite hard to get there from here. The shock-and-awe of the last few months were supposed to establish dominance, but it's not going to happen without resistance. Harvard is one example. There will be more.
Ultimately the military will be used to force compliance, and - absent a not entirely unexpected medical event - they'll decide which way this goes.