How do you think this will work? Do you think the whole of the rest of the world, about 7 billion people, will agree to give up on wanting to reach the western life standard that is currently consuming 4 Earth's of resources every year?

Will all rich people in all countries collectively agree to be moved into tiny apts same size and give up their luxuries?

If not, how do you define who gets what? Who gets to live in the fancy house, etc?