> In this case, "bad things happening" is an exodus of the ultra wealthy, which is not so simple to reverse.

Speaking as an American who lives in California (so not directly relevant to the article in question, but 'wealth exodus' is often brought up to scare people about wealth taxes here as well):

Fucking Good. Bye Felicia. Hope they all move to Florida and/or Texas. We'll still be absolute fine here without them.

But also institute land value taxes so they can't be here while pretending to not be here