The wealthy will stay in this country, enjoying relatively low rates of taxation.
It's high income professionals that will be paying more in taxes.
Notice how nobody has EVER suggested a tax on wealth (annual net worth), only income.
The wealthy RATS that come up with these tax schemes make sure they don't have to pay. But the poor slob trying to work and make himself comfortable if not wealthy is screwed.
And the mid to high income RAT voters are too stupid to ever figure it out.