Yep, all those millionaires will move out and their mayor will be exempt.
Oh, the ones that run businesses providing goods and services to New Yorkers don’t need to go anywhere. They aren’t nearly as “stuck” as all their customers. If the people of New York think prices are high now, just wait until the people running the businesses raise their prices to recover the additional “millionaire’s tax”.
When will people learn that businesses and the people who run them have many options — including relocating and raising prices and cutting workers — to make sure their “after-tax” income is unaffected by the money-grabbing decisions of the mobocracy ? And yet people always seem shocked when prices go up and jobs disappear and stores close due to lack of buyers ...