It is grasping at the straws indeed, to try to come up with any kind of justification for a scheme like this. Esp. when it would be pretty obvious to anyone who bothers to check, that people with that kind of "money" do not have it as cash they got as a salary, but rather as assets (stock). Do you propose taxing unrealized gains? Or simply confiscating assets when they appreciate "too much"?

The only positive I can see here is that this will kill SV for good. Unfortunately it will also kill most real innovation as well.