All it'll do is replace competent workers who don't have $100k to spare, with incompetent workers who have the money.
It's still less than a domestic recruiting fee for many types of roles the H1B was purportedly about, roles where it's hard enough to find someone you need a headhunter's help and the pool is still not exactly what you're looking for.
Like Americans paying Tariff fees out of their wallets due to price hikes.