That’s actually totally unnecessary for several reasons. The first of which is that super rich people don’t care where they live because they’re super rich and they can afford it. This is in comparison to middle class and poor people that actually do need to move if they can’t afford housing.

Also, and this is not very complicated, is the fact that businesses and companies are located in certain places and can’t easily move. The richest man in the world could move to Russia if he really wanted, but his companies won’t go with him. And he would be throwing away a lot of his current and future wealth. Or consider people who own real estate. What are they going to do? Sell all of their real estate that reduced prices and then move abroad? Sure they can do that but it would actually help the general public.

Of course we should also tighten the tax code but we don’t need to worry about the exact timing for the very basic reasons I’ve mentioned above.