“..won’t be getting their summer homes in Palm Beach remodeled this year?”
Law of unintended consequences. Small business will suffer.
Reminds me of the collapse of the luxury yacht industry in America when Dem pols enacted a huge tax increase on yacht sales. (One of their brilliant "soak the rich" schemes.)
Result was that the American skilled craftsmen -whose work went into building those yachts- saw their jobs vanish.
Oh, the rich continued buying their yachts, but got them abroad instead of here.
Now in this worldwide economic collapse, maybe all yacht makers will suffer.