In contrast to the housing bubble, where a lot of the value was in overpriced houses sold to individuals, this overpricing is almost entirely in tech stocks, and tech stocks are almost entirely owned by by the wealthiest 10%, even 1%. The tech billionaires have limited ability to divest themselves of their own overpriced companies and absolutely will lose money.

None of them are going bankrupt, they’ll all be just fine when the market recovers in a few years, because that’s the nature of capitalism. A bunch of peons, who convinced themselves that the bubble-value of their 401k meant it was safe to retire, will suffer, will have to go back to work - if you’re not an oligarch, losing money is painful.

That value could be dispensed fairly to workers. Jeff Bezos essentially gets paid in AMZN stock, and there’s no reason that stock could not be dispensed to workers just the same. 10, 100, 1000 shares to each of the 1M employees, every year. The fact that Bezos and his fellow capitalists have kept all of the business value to themselves and not shared it with their workers is how they have hoarded/stolen the value of their employees’ labor.

Rich and comfortable are definitely not synonyms. Rich is a relative descriptor that basically means to have more than other people, so obviously, we can’t all be rich. Comfortable is a state descriptor - shelter, food & clothing needs met, children provided for, time and resources for relaxation - everyone can have that.